Incremental Changes Key to Health Care Reform
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One little-known provision of the law does attempt to address the cost issue, she added. “Starting in 2007, Part B will be much more related to income. The subsidy will start declining significantly for those with higher incomes. As the baby boomers begin to retire, some of them with higher incomes and assets, this is at least one opportunity” to help with the cost problem.
Americans are going to need to rethink the entire issue of retirement, Dr. Wilensky predicted.