WASHINGTON — An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans. The Business Roundtable’s plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social Security recipients. Initial benefits for wealthy retirees would also be smaller. Medicare recipients would be able to enroll in the traditional program or in private plans that could adjust premiums based on age and health status. “America can preserve the health and retirement safety net and rein in long-term spending growth by modernizing Medicare and Social Security in a way that addresses America’s new fiscal and demographic realities,” said Gary Loveman, chairman, president and chief executive of casino giant Caesars Entertainment Corp.
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We are switching to the new platform for The DataLounge this weekend. All of our mobile users have been using it for over a week and all first time users have been using it for about a month - which adds up to well over one million users. So we're ready to end this phase of the testing and move everybody to the new site. (more)
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