by Patrick Appel
Raising the Medicare eligibility age from 65 to 67 won't save money:
Austin Frakt captions:
All told, the cost to the system of raising the Medicare age to 67 would be $11.4 billion in 2014, which is a high price to pay for $5.7 billion in federal savings. It’s exactly a factor of two too high. That’s a massive cost shift. Let’s put it this way, how much would you want to pay for the federal government to save $5.7 billion? I hope your answer is no greater than $5.7 billion. (If not, I’ve got a business proposition for you.) Paying $11.4 billion is a rip off.
Reihan agrees. And Aaron Carroll counters Len Burman's continued defense of raising the retirement age.
The Dish 