A new analysis finds that lowering the age of Medicare
eligibility to 60 could reduce costs for employer health plans by as much
as 15% if all eligible employees shifted from employer plans to Medicare.
Similarly, costs for employer plans could drop by as much as 30% if all
people age 55 and over were no longer in employer-sponsored insurance, the
analysis finds, and by up to 43% if everyone 50 and older chose to enroll
in Medicare.
A second,
related analysis shows how 60- to 64-year-olds who move from
employer plans to Medicare could be covered more cheaply because Medicare
payments to hospitals, physicians and other health care providers are
generally lower than what private insurance pays. (News
Release, Issue Brief)
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