Monterey, CA : Mitt Romney Announces Plan To Raise Medicare Eligibility Ageby Richard Kuehn on 02/25/12
Presidential hopeful Mitt Romney announced yesterday that he wants to increase the eligibility age for Medicare by one month each year, and take part of the government health care system private. When Medicare was introduced in 1965, the average life expectancy was 70, and it is now 80. President Obama had previously supported raising the Medicare eligibility age, but with 10,000 baby boomers hitting 65 every day, the idea was deemed too unpopular. Romney said, if elected, seniors would have a choice between a fee-for-service government health pan and a new option whereby they could purchase private insurance with the costs partially subsidized by the government. The plan would not go into effect until 2022. "A few common-sense reforms are going to ensure that we can make good on our promises to our seniors and we can also save Social Security and Medicare for the future generations," said Romney in a speech at the Detroit Economic Club. It will be interesting to see the reaction from the huge population of baby boomers.