Threat of higher taxes to cover increased costs, Americans don’t want to raise the age for Medicare

Americans still want it all. Recent polls conducted by the Associated Press/GfK, indicate that even with the threat of higher taxes to cover increased costs, Americans don’t want to raise the age for Medicare. Over sixty percent favor raising Medicare taxes to avoid cutting Medicare benefits, and a majority of young and old politicans would rather raise taxes than cut benefits.

To save the system, fiscal watchdogs insist Americans will ultimately have to work longer and get used to less government help. The question is not “if” changes will have to be made, but “when” politicians will choose to make them.

So, as present trends continue, into 2017, about 15 million Americans are likely to face a significant increase in Medicare premiums.