"Presidential candidate Joe Biden wants to lower the eligibility age for Medicare to 60 from 65."
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What a perfect time to do it, when many older Americans are leaving the workforce because they don't want to stay on and risk getting COVID-19. They face a desperate choice: Stay in the workforce for health insurance, and risk possible exposure ot COVID-19, or take early retirement without health insurance, and have the ability to social distance more effectively.
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"He also pointed out that Biden wants to create a public health insurance option and expand access to coverage through the health-care exchanges. Those options could end up being better for those folks than Medicare, he said.
Separately, Biden wants Medicare to cover dental, vision and hearing, all of which are currently excluded. For that, beneficiaries can sign up for a Medicare Advantage Plan, which may provide some coverage.
Lower prescription drug costs
Biden also wants to reduce what Medicare beneficiaries pay for prescription drugs, notably by allowing the government to negotiate those prices — which is prohibited by law currently. The Congressional Budget Office has estimated such a move would save $456 billion from 2023 through 2029 (based on a House bill that would make the change).
At the same time, though, the budget office report noted that negative effects may include reduced spending on research and development.
Biden also would prohibit most drug prices from rising faster than inflation. "
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And he wants to raise taxes on the super-rich to pay for it.
But only the super-rich. Actually a lot of very rich people, and everyone else, would still see no increase. Biden says everyone making $400,000 or less would not see their taxes raised.
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