Medicare and Social Security - Are We Going to See Substantial Policy Changes?

President Biden called out Republicans for supposedly wanting to cut benefits for seniors. John Avlon: Are we actually going to see any substantive policy changes to the enormous part of the budget that is actually driving deficits going forward?Avlon: It's extremely difficult to authorize these kinds of reforms because the system of both Medicare and Social Security embeds so many cross subsidies. The only way in which you could return to some kind of a market mechanism is to deny subsidies, he says.