Nothing more than back-door privatization:
Under the proposal, the eligibility age would gradually increase from 65 to 67 over 12 years. It would also start a transition to a system dominated by private insurance plans.
Private plans would compete with a government-sponsored program, a retooled version of today’s Medicare, the Associated Press reported in 2012, when the proposal was announced.
While average life expectancy may have increased, much of that is due to breakthroughs in medical care. And if somebody can't access coverage they've already paid for until they reach 67 (65 is bad enough), their chance of reaching the ripe old age of 90 (or even 80) is seriously in question. Which may be one of the hidden goals of Burr's plan: Once they're gone, the cost of keeping them alive is gone, too.