The Republican Study Committee is pushing a budget that raises the Social Security retirement age to keep the program solvent.
The massive bloc of House Republicans’ fiscal 2025 blueprint also leans into health policy wars, turning Medicare into a “premium support model” and endorsing legislation that would create legal protection for humans at fertilization.
Ensuring the solvency of prized entitlements is a thorny issue for politicians. The alarm bells are ringing, with Medicare set to go broke by 2028 and Social Security in 2033, triggering a 23% across-the-board cut for seniors. His budget would make “modest adjustments to the retirement age for future retirees to account for increases in life expectancy,” pointing to President Biden’s decision as a senator in the 1980s to support raising the retirement age from 65 to 67.
The Democratic incumbent says his November election rival, former President Donald Trump, has been all over the map on entitlements, from telling CNBC in recent days there are “tremendous amounts of things and numbers of things you can do” after accusing his GOP primary rivals, for months, of meddling with the programs.
The RSC budget supports turning Medicare into a model in which the traditional plan competes with private plans, and seniors are given subsidies to pick the policies they want. It was a key feature of the 2012 campaign, with vice presidential nominee Paul Ryan shopping the idea while President Barack Obama accused the GOP of ending Medicare “as know it.”
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