Older man and woman at work with younger woman Bill sponsors say costs would potentially be lower for both exchanges and Medicare itself, with younger consumers seeing their premiums fall with the extraction of the 50-to-65 crowd from exchange risk pools. (Photo: Getty)

Democrats in both the House and Senate have taken a step forward on the Medicare for All issue with a bill that would allow anyone 50 and older to buy in to Medicare.

Politico reports that the bill, co-sponsored by Tammy Baldwin, D-WI, Sen. Debbie Stabenow, D-MI, Rep. Brian Higgins, D-NY and Rep. Joe Courtney, D-CT, would allow people between ages 50 and 65 to buy a private Medicare plan with the same tax credits and cost-sharing subsidies available on exchanges for the Affordable Care Act.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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