Dan Foster highlights the new Nancy Pelosi op-ed in USA Today arguing that raising Medicare’s retirement age will increase the cost of health insurance for young people. In it, Representative Pelosi writes that raising the retirement age “raises premiums for younger Americans who don’t receive insurance through their jobs and who are set to purchase coverage through the new insurance exchanges. It asks them to foot the bill to cover the cost of insuring the many 65- and 66-year-olds who would enter the system at the same time.”
She neglects to note the reason why premiums for younger people would go up in such a scenario, because it’s her fault.
So it takes a lot of brass, to borrow a phrase, for Nancy Pelosi to complain that raising the retirement age will affect young people on the exchanges. And if she’s that concerned about the problem, I have an easy solution: Raise Medicare’s retirement age, and repeal community rating along with it.
I rebut the remainder of Pelosi’s arguments here.