Joe Lieberman wants to help balance Medicare's books by moving the eligility age from 65 to 67. Austin Frakt and Aaron Carroll don't think this will save much money. They cite the research of Michael McWilliams et al:
The authors found that, relative to those with insurance before age 65, those without insurance prior to Medicare eligibility spent much more money on health care after they became Medicare eligible. In other words, people wait to get care until their Medicare kicks in. This is bad both for health and for the federal government’s bottom line.
Delaying Medicare even longer would likely make this worse. People would forego care longer, health would suffer, and Medicare would pay for the consequences later.