- Oct 11, 2000
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If Ryan's plan was to become law tomorrow, seniors 55 and older are exempt from having to participate in the privatization, i.e., the government will still be paying for their medical expenses.
According to the HHS, health care reform added 12 years to Medicare's solvency, that is 2029. If you don't buy what HHS says or if it gets repealed/overturned, then it becomes insolvent in 2017.
The oldest baby boomers born in 1946 are already 65. The youngest baby boomers born in 1954 are 57. They will turn 65 and become eligible for Medicare in 8 years or 2019.
In 2029, the oldest baby boomers will be 83 years old if they're still around. In the 2029, the youngest baby boomers will be 75.
So how does exempting seniors 55 and older from Medicare privatization fix the budget and Medicare from the retiring baby boomers?
According to the HHS, health care reform added 12 years to Medicare's solvency, that is 2029. If you don't buy what HHS says or if it gets repealed/overturned, then it becomes insolvent in 2017.
The oldest baby boomers born in 1946 are already 65. The youngest baby boomers born in 1954 are 57. They will turn 65 and become eligible for Medicare in 8 years or 2019.
In 2029, the oldest baby boomers will be 83 years old if they're still around. In the 2029, the youngest baby boomers will be 75.
So how does exempting seniors 55 and older from Medicare privatization fix the budget and Medicare from the retiring baby boomers?