CEO group urges higher retirement age, private Medicare options

01/17/2013 | CBS MoneyWatch

The Business Roundtable, an influential group of CEOs of major U.S. firms, has endorsed a proposal to require Americans to wait until age 70 to qualify for full Social Security benefits and for Medicare. The proposal, meant to reduce federal spending, also would allow seniors to enroll in private health plans as an alternative to Medicare and would decrease Social Security benefits for wealthy Americans.

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