GOP Senators Propose Raising Medicare AgeQuicklink submitted by Sheila Samples Permalink
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|Republicans have been calling for huge spending cuts to resolve the so-called "fiscal cliff" but they've been reluctant to actually name the cuts they want, especially to Medicare -- until now. The two GOP senators from Tennessee -- Bob Corker and Lamar Alexander -- unveiled a plan Friday with $1 trillion in cuts, most of which would come from Medicare. The plan would raise the Medicare eligibility age to 67 and raise the cost of Medicare premiums for wealthier beneficiaries, which is reminiscent of Mitt Romney's plan for the popular program that provides insurance to all Americans 65 and older. Scares about Medicare's impending "bankruptcy" are almost as old as the program itself, which was signed into law by President Lyndon Johnson in 1965.|
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