What do we all want? I assume we all want everyone to be covered if they get cancer. Can we start there? And I mean without losing my life savings. Thank god I have employer provided healthcare. I better continue to have it till I'm 65. 10 more years. God willing.
Hypothetical situation:
A person makes a decision at age 25 to not have health insurance, even if his employer offers "subsidized" option. Instead of making monthly health insurance payments, they save and invest the 300-1200 dollars as part of their "life savings."
At fifty-five, that person develops a very treatable, but very, very, expensive form of cancer.
Who should be responsible for paying for that treatment?
I think a lot of us would support lowering medicare age to 62 when you can collect ss. Not 65. I know many, many, many people who are 63 or 64 and have told me they'd already be retired if they didn't have to pay out of pocket for healthcare.
I was surprised when a co-worker told me that her husband's medicare (with supplements) was better than her workplace health plan. I have the same plan as she and it isn't bad, relative to most post ACA plans. Yet, she found Medicare to be better for her husband, who is only a few years older than I. He is a former football player and goes to the doctor more often than I due to old injuries and wear and tear.
So, from a strictly consumer viewpoint, lowering the age of Medicare makes a lot of sense - unless one uses dynamic reasoning.
If we lower the age for Medicare, then Medicare will cost more to administer. Who should be responsible for paying for that? We cannot just say "everyone!" becuase we know that will not happen. People who get Medicare at 62 and then are able to retire, for example, will not pay the additional price. The fact that they stop paying means even more money is needed.
Another way to look at it: who will pay the largest proportion of their wages/salaries/income to Medicare? Would it not be the lowest income among us?