Opinion: Medicare at 60 would have harmful unintended consequences

Even under optimistic fiscal assumptions, Medicare at 60 would add billions to federal deficits, while poorly targeting those in need and straining the finances of hospitals and physicians.

In an era of rising inflation and trillion-dollar deficits, there appears to be growing bipartisan support for fiscal restraint. President Biden’s recent budget proposal featured more than $1 trillion in deficit-reducing policies. And his administration is now promising that the proposals once comprising the president’s Build Back Better agenda will be, at worst, deficit neutral.

But despite the changing fiscal environment, many in Congress are still eager to enact a costly and risky expansion of Medicare.

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