Raising the Medicare eligibility age to 67 won’t really save any money, an Illinois congressman says. Gradually moving Medicare eligibility to 67 is an idea from Republican members of the Super Committee, looking to cut the federal deficit by $1.5 trillion over 10 years.
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U.S. Rep. Jan Schakowsky (D-Evanston) says that simply shifts the cost to individuals, businesses and state governments, and it has consequences. “Almost every day I hear from someone who’s trying to just hold on until they reach 65, that important date when they’re gonna qualify for Medicare, so they can afford the health care that they need. They’re postponing that care until they reach the age of 65,” she said. The Illinois Alliance for Retired Americans estimates the cost shift to Illinois individuals, businesses and the state at $524 million in 2014, if the Medicare age were raised to 67 by then.