FinanceSpecrum.com Acknowledges Seniors as a Powerful Political Demographic and Urges Them to Participate and Vote in Upcoming Elections

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According to the article ‘Why 2014 Could Be The Year Of The Senior’ posted by Doug Schoen at Forbes.com on 6/26/13, seniors may have more power in upcoming elections as the issues important to them will be platforms on which politicians build their stands.

FinanceSpecrum.com knows how important Medicare is to seniors. Every American over the age of 65 depends on Medicare in some form or another. According to Forbes.com’s June 26th article, the 2010 elections saw senior voters comprise about 23% of the vote. Clearly, numbers this large can drive policies and change voting outcomes. Finance Spectrum believes that seniors’ political awareness may prove to be far more beneficial in the years to come in regards to healthcare and Medicare services.

Medicare will cover many things that seniors need in life such as doctors’ visits, chiropractic treatments, and prescriptions. Medicare does not offer things like senior life insurance. Medicare Part D, which is the prescription drug benefit, has been very successful both fiscally for the government and with seniors. Seniors do not have to pay as much for medications and over time, it has cost the U.S. Government $348 billion less than the original estimates for the program. According to the Congressional Budget Office, this program is essentially helping to fund other Medicare programs. FinanceSpecrum.com believes that these are the types of programs that work and should be replicated in the future to the benefit of seniors.

Another report by the CBO found that, based on current projections, by 2050 one fifth of the population will be 65 or older. What does this mean for seniors now and in the immediate years to come? It means that seniors and their families must make a concerted effort to be aware of policies and programs being discussed and implemented, and exert their voting powers. It also means that seniors must demand of their lawmakers programs, like extended benefits and easier access to alternative healthcare, which may provide a higher quality of life.

FinanceSpecrum.com urges seniors to take a stand regarding political policy and programs that directly affect them now and in the future. Finance Spectrum believes seniors have a good deal of voting power at their fingertips.

About Finance Spectrum:
FinanceSpecrum.com is a proponent of the rights of seniors and seeks to soundly advise them and people of all ages on a wide variety of financial topics.

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