Raja Cosponsors Medicare Buy-In Option For Americans Ages 50-64
Washington, D.C. – Today, the Medicare Buy-In and Health Care Stabilization Act was introduced with the cosponsorship of Congressman Raja Krishnamoorthi. A commonsense effort to create a Medicare Buy-In option for Americans ages 50-64 and to stabilize the health care marketplaces. The Act will provide a new option for Americans ages 50-64 to buy-in to Medicare thus avoiding the increase in premiums that Americans in this age group often face. Additionally, working Americans who receive employer sponsored coverage (ages 50-64) who wish to buy into the program would have the option to do so, and their employers could continue to contribute to their premiums pre-tax, a win-win for those employers and employees. The bill also proposes important common sense solutions to bolster stability in the health care marketplaces and bring down health care costs by finding innovative ways to reduce billions in waste, fraud, and abuse in the health care system.