The basic idea: take all the spending and tax subsidies we now provide to private health insurance and use that money to give every American not on a government health plan a refundable tax credit. This money could be used to purchase health insurance and make deposits to Health Savings Accounts, from which people could purchase health services directly. Rep. Pete Sessions has a bill that would do just that. More
The Congressional Budget Office (CBO) released a new report on lowering the age for Medicare eligibility to age 60. The report Budgetary Effects of a Policy That Would Lower the Age of Eligibility for Medicare to 60 found Medicare rolls would rise by nearly 14 million people. It would also increase the budget deficit by $155 billion over a 5-year period.