Rep Speier Talks About the Fiscal Cliff on MSNBC - Dec. 13, 2012

Congresswoman Jackie Speier (D-CA) joined MSNBC's Richard Lui to talk about the looming fiscal cliff and ongoing negotiations for a compromise deal.

When asked about raising the eligibility age for Medicare, Congresswoman Speier said:

"That's one area that doesn't make any sense. Why should we do something that's stupid? Raising the retirement age from 65 to 67, actually, only nets $2 billion. And the other costs associated with it is, maybe it's closer to $5 billion. But the other costs associated with it, in emergency room its terms of having to subsidize medicare in the states takes us to $11 billion in costs so that doesn't make any sense. We can look at other ways of making medicare work smartly."

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