Purposed Changes Social Security/Medicare

The Republican study committee has proposed the following changes to Social Security and Medicare. The proposals would raise the age of claiming social security. They would also convert medicare to a "premium support model". Medicare would compete with private plans and beneficiaries would be given subsidies pegged to the average premium or second lowest price in a particular market. This is in light of medicare becoming insolvent by 2028 and social security in 2033. This information was reported by NBC News yesterday 3/20.