Democratic U.S. Senators unveiled the latest version of Medicare expansion Wednesday, calling it the “Medicare at 50 Act,” which would allow people between the ages of 50 and 64 the option of buying into Medicare.
This isn't the first time lowering the age for Medicare has been suggested. In 2017, some democrats floated this idea. However, this proposal has a lot more focus behind it because the democrats believe this is the best way forward.
This idea is focused on Americans that can gain access to coverage under the Affordable Care Act and its protections for those with pre-existing conditions, but are often hit hard by premium increases. Some in their 50s and early 60s who didn’t get the ACA's subsidies got socked with higher premiums as the ACA’s individual coverage, also known as Obamacare, went through a period of instability in part because some insurers couldn’t manage costs of all of the sick patients buying coverage.
“Millions of Americans who are approaching retirement or are being forced to retire early due to layoffs or mandatory retirement face increasing health care needs and rising costs,” said Senator Debbie Stabenow in her announcement of the legislation.