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Arguments for raising the Medicare age. In looking at the costs of the Medicare program alone, it's obvious that if 65- and 66-year-olds aren't eligible for coverage, then Medicare will have lower costs compared to what they'd be if these people were covered.For example:f Medicare raises its eligibility age, the medical costs for seniors ages 65 and 66 don't disappear -- they're simply shifted somewhere else.
Impact of Raising the Retirement Age Beyond Age 67. Those proposing to raise the age of eligibility for full retirement benefits to 70 or even 72 view this as a way to reduce the deficit and increase Social Security's solvency. As in the past, proposals to raise the retirement age come with an additional reduction in benefits.