The Hubble Constant and Hubble Wars

The rate of expansion of the universe is expressed as a number known as the Hubble constant or H. Given H and factoring in the breaking effect of gravity you can work out the age of the universe. The original value put the universe at only about 2 billion years old, less than half theage of the Earth. But recently a new discrepancy has surfaced implying an age for the universe of well over 14 billion years. Does this suggest something serious to us without understanding of basic cosmology? Time will tell.