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Lowering the Age of Medicare Eligibility to 60

New federal spending on Medicare for adults ages 60 to 64 would be $64.7 billion in 2023, largely because federal spending on marketplace subsidies for this group would be eliminated. The net increase in federal spending would be $44.6 billion. This report examines the cost and coverage effects of lowering the age of Medicare eligibility from 65 to 60.