Bumping up the eligibility age for Medicare to 67 over the next decade would save less than $20 billion, far less than its own previous estimates, the Congressional Budget Office said Friday.

Total savings of $19 billion would be seen from 2016 through 2023 if eligibility for the health care program were increased from the current age of 65 over that time, the CBO said.

Previously, the office had calculated that savings would amount to $113 billion.

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