Four Ways Paul Ryan Will Jeopardize Your Future Health Care Coverage
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BY ANN WIDGER | APRIL 21, 2014
The federal budget bill, authored by U.S. House Budget Committee Chairman Paul Ryan and approved this month in the House of Representatives, privatizes Medicare and takes billions from Medicaid. Its so unfair to current and future retirees that even many arch-conservatives refused to endorse it.
One of its worst provisions would raise the age when people can start receiving Medicare benefits. Here are four ways that could hurt you:
The House budget would delay the age of eligibility for Medicare from 65 to 67, starting with baby boomers born in 1959. Those retiring at 65 without employer sponsored health care coverage would be left to fend for themselves for two years. This section of the Ryan budget should be called, Good luck to you just dont get sick.
Retirees who do have employer coverage also could be in trouble. The reason is that employers would carry the full cost of health care for those ages 65 and 66 retirees who currently have Medicare as their primary insurance. If the eligibility age were 67 today, employer health costs would be $4.5 billion higher. So it would be no surprise if many employers shift these costs to retirees by raising premiums, deductibles and co-pays. Even worse, some employers will drop early-retiree coverage altogether to avoid paying so much more.
FULL story at link.
Click here to see how your member of Congress voted to change your health care coverage:
http://clerk.house.gov/evs/2014/roll177.xml