Biden's plan to drop the Medicare age to 60 is a small step in the right direction

  
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This week on the podcast, we’re going to talk about Medicare, and how it can be expanded.

The news peg for this edition was Joe Biden’s announcement last week that he will support lowering the age of Medicare eligibility to 60. This brought to mind a recent study on ways to expand Medicare eligibility from the National Academy of Social Insurance -- a nonprofit, nonpartisan organization made up of the nation's leading experts on social insurance. For this study, the academy convened a study panel of 27 top experts in  economics, health policy, political science, sociology, medicine and law.

Joining me is the co-chair of the NASI study, Marilyn Moon. Marilyn is one of the nation’s top experts on Medicare. She’s an economist who has written extensively on health policy and reform issues related to Medicare and other social insurance topics. Along with her academic career, she is a former public trustee of both Medicare and Social Security. She also has worked for the Congressional Budget Office and she was the founding director of AARP’s public policy institute.

I really recommend the report to anyone interested in getting past the headline level of understanding on this issue. It offers a fascinating in-depth look at three approaches to expanding Medicare eligibility: lowering the eligibility age, establishing Medicare-for-all, and creating a Medicare buy-in.

I asked Marilyn to provide an overview of these three approaches to expanding Medicare eligibility. On next week’s podcast, we’ll drill a little further into the arguments for Medicare for All.

Listen to the podcast by clicking the player icon at the top of this page. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.

I also wrote about the report this week for Reuters.

In the virus crisis, financial planners are stepping up their pro bono game

When a crisis strikes and people are in need, it’s only natural to want to help.

Empathy is a common reaction to trauma, and we’re experiencing such a moment now with COVID-19, a mass-level public health crisis paired with an economic emergency. And a growing number of financial advisors are offering pro bono financial guidance to people who need it right now. Learn more in my column this month for WealthManagement.com.

Other recommended reading this week

More isolation - just what older people didn’t need . . . Consumer advocates charge the annuity industry with using the COVID-10 crisis to promote pro-annuities legislation . . . . Why aging immune systems are more vulnerable to the coronavirus.

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