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Medicare, one of the federal governmentâs largest programs, provides health care benefits primarily to elderly people. The usual age of eligibility for those benefits is 65, although certain people qualify for the program earlier.
Raising the Age of Eligibility for Medicare to 67: An Updated Estimate of the Budgetary Effects. CBO's new estimate of the net budgetary savings from adopting this policy is much lower than its earlier estimates for proposals to raise Medicareâs eligibility age. This report describes CBOâs new estimate and the reasons for the change.