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Medicare eligibility at 67 will save less than thought: CBO

Bumping up the eligibility age for Medicare to 67 over the next decade would save less than $20 billion, far less than its own previous estimates, the Congressional Budget Office said Friday.

By Dan Berman | Updated on October 25, 2013
CBO Director Douglas Elmendorf (AP photo/File)

Bumping up the eligibility age for Medicare to 67 over the next decade would save less than $20 billion, far less than its own previous estimates, the Congressional Budget Office said Friday.

Total savings of $19 billion would be seen from 2016 through 2023 if eligibility for the health care program were increased from the current age of 65 over that time, the CBO said.

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