Phase in Medicare Eligibility at Age 67

Debt Level 148.7%

In 1983, Congress reformed Social Security to gradually increase the normal retirement age to 67. Our recommendation would extend that reform to Medicare. Beginning in 2026, the retirement age would be increased by two months each year until it reached 67. After it was fully phased-in in 2036, the retirement age would remain at 67. Under Social Security, the retirement age will be fully phased in to 67 by 2027. Since 1965, when Medicare was originally enacted, life expectancy has increased by over four years and is projected to continue to increase. The MDF plan would save $15 billion over ten years and those savings would significantly increase over the long-run.

Reduction in debt in 2052 (including debt service):

-1.4% of GDP

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