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Seniors across the nation oppose making changes to Medicare

Posted On Sat, July 30, 2011

A recent study conducted by Harris Interactive on behalf of RetireSafe and the National Association of Nutrition and Aging Services Programs (NANASP) depicts senior citizens' attitudes toward potential Medicare cost increases. The idea of increasing Medicare costs has been a point of contention in Washington D.C., as Congress attempts to find a way to reduce the current debt.

The survey found that 79 percent of seniors vehemently opposed changing Medicare coverage to help reduce the federal budget deficit. The lowest approval rate came from women over the age of 65, only 10 percent of whom approved changing Medicare. RetireSafe's president, Thair Phillips, spoke on the results.

"It is evident from this survey that most older Americans don't want to use Medicare resources to reduce the federal budget, which is not surprising given that eight out of ten tell us that forcing them to pay more for their Medicare benefits would put a serious burden on them," Phillips stated. "They [politicians] need to understand that our nation's vulnerable older Americans are the group least able to bear the weight of righting the wrongs of Congress's decades of financial mismanagement."

The Centers for Medicare and Medicaid Services reports that in 2009, there were more than 35 million Americans invested in Medicare. Comparing annuity rates can help people find an account that lets them maximize on their savings.

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