GOP Proposal to Raise Medicare Eligibility Age, Cut $1Trillion From Program

December 30, 2012 by legitgov

GOP Proposal to Raise Medicare Eligibility Age, Cut $1Trillion From Program [Obama's thinking, 'When can I sign?'] 28 Dec 2012 A pair of GOP senators, confident Congress will head off the tax hikes set to kick in within days, are already turning their attention to 'entitlements' and the debt ceiling. Tennessee Sens. Bob Corker and Lamar Alexander pitched a plan on Friday to cut federal spending by $1 trillion -- much of it from Medicare -- in exchange for increasing the nation's borrowing limit by that amount. The plan would raise the Medicare eligibly age to 67 and require wealthier Medicare users to pay higher premiums. Both senators were aware of how their plan might be seen by the public, and Corker corrected a reporter who posited the plan equals Medicare “cuts,” preferring instead the word "reforms."