President Rejects Raising Eligibility Age for Medicare

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President Obama is against raising the eligibility age for Medicare in order to prevent a funding crisis down the road.

The president said he was willing to consider the idea in 2011 during budget negotiations.

However, White House press secretary Jay Carney stressed on Monday that the president does not believe it's the right policy to take.

Carney said Obama would consider a way to lower cost-of-living adjustments for Social Security beneficiaries, but only if Republicans also agreed to reduce some of the deficit with tax revenue.

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