Obama derided Ryan’s proposal to transform Medicare into a voucher system that would pay seniors a fixed amount of money to buy medical insurance, which he said would cost them an additional $6,400 a year.
"That doesn’t strengthen Medicare. That undoes the very guarantee of Medicare,” the president said Saturday. “That’s the core of the plan written by Congressman Ryan and endorsed by Governor Romney. . . . Their plan is for you to pay more so they can give another tax cut to millionaires and billionaires.”
During his administration, Obama said, the only changes to Medicare benefits have been the addition of preventive services such as cancer screenings and wellness visits — “for free.”
The Medicare savings contained in his health care act, a total of $716 billion over a decade, will be carved from waste, fraud, and insurance-company subsidies, he said.
“Their plan would put Medicare on track to be ended as we know it,” Obama said. “It would be an entirely different plan, a plan in which you could not count on health care because it would have to be coming out of your pocket.”
Monday, August 20, 2012
Posted by Grey Matter at 10:14 PM