By Allie Gregory | 0 comments
In 2012, more than 75 percent of Americans delayed their retirement to avoid losing health benefits. See the graph here in a new study conducted by the Employee Benefits Research.
After the recession, more Americans reported they were planning to put off their retirement—due to financial insecurity, job losses, and healthcare coverage. As healthcare costs are on the rise, American’s approaching retirement grow more wary about their ability to afford insurance coverage.
The Affordable Care Act hopes to lower health care costs however, raising the Medicare eligibility are would increase health care costs. If we were to lower the age of Medicare, it will strengthen the program as older Americans are brought on. Thus, Americans would no longer have to fear retirement.
Allowing all Americans under the age of 65 to buy into Medicare would do more to reform the healthcare system and push down costs than anything else. DFA will continue to follow these issues and more. To finish the job, we must expand Medicare for all. We want to know how our members feel. Tell us in the comments: What do you think?
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