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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.
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