Income gap

Here is a bit if facetious blabber to illustrate a point. The government recognizing that the cost of healthcare rises precipitously after age 75 has decided to end these cost and pass on the savings to low income families. There are 10 million households that earn less than $40,000 per year and the savings in Medicare cost would be $600 billion so each household would receive $60,000. This is in line with government policies designed to close the income gap. These older folks have had a good long life and the younger families need assistance just to make ends meet. Many of these elderly people have a poor quality of life and many are not even aware of what's going on. It could be seen as a blessing. As a side benefit this would take care of the shortage in the social security fund. We could kill two birds with one stone. That is good planning.