A gathering of the Healthcare Leadership Council (photo: alfonsator)

Powerful political and lobbying forces continue to line up behind the terrible idea to raise the age for Medicare eligibility. The latest to join the ongoing push is the Healthcare Leadership Council. From the Healthcare Leadership Council’s recommendations to the Super Committee:

  • Gradually increase the Medicare eligibility age from 65 to 67.

This transition would mirror the increase in the Social Security retirement age and reflect today’s longer average lifespans. The increase would be implemented over roughly a decade, raising the eligibility age by two months annually.

The shrinking ratio of active workers to Medicare beneficiaries makes this change inevitable, Ms. Grealy said. Plus, the Affordable Care Act makes such a change possible in that Americans in their mid-60s not yet eligible for Medicare would be able to purchase health insurance on the new state exchanges without their health status affecting their ability to acquire coverage.

The HLC is an organization of health care executives from “hospitals, health plans, pharmaceutical companies, medical device manufacturers, biotech firms, health product distributors, pharmacies, and academic health centers.”

The reason for-profit medical corporations push for this change is simple. Kicking seniors out of Medicare means they will be forced, by the individual mandate in Obama’s Affordable Care Act, to buy far more expensive, and inefficient, private insurance that pays higher rates for services. The move will also shrink Medicare’s market size, making it harder for Medicare to get the lowest prices for the government as possible. It is effectively adopting Paul Ryan’s Medicare privatization plan for people between the ages of 65-67, creating a gradual but clear path to Ryan’s vision through a series of similar age increases.

This change would be a massive financial windfall for the industry, mostly at the expense of Americans about to retire. Essentially it steals money from old people to give to large corporations, and there is a very real possibility this will happen.