Whose Medicare plan cuts more?
August 16th, 2012
10:46 AM ET
2 years ago

Whose Medicare plan cuts more?

NEW YORK (CNNMoney) - Mitt Romney and his running mate, Paul Ryan, are accusing President Obama of hurting seniors by slashing $716 billion out of Medicare.

Obama, meanwhile, is attacking Ryan for wanting to "end Medicare as we know it."

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Filed under: 2012
soundoff (59 Responses)
  1. chedar888

    The very guy (Ryan) who is a beneficiary of Social Security , will dismantle the Social Security which is a safety net for retiree. I say vote for Obama/Biden 2012

    August 16, 2012 10:53 am at 10:53 am |
  2. hate from the left but mostly lies

    Romney will fix medicare, not bankrupt it like Obama is doing. Im some fairyland perfect world, Obama's plan would work. But we live in reality, where we are trillions in debt. Spending more will not get us out of this hole. Spending less will.

    August 16, 2012 10:55 am at 10:55 am |
  3. robert jay1

    I somehow out ofthe blue cameup with a proposal regarding the Medicare / Social Security funding / Education funding /Police protection funding / Hiway infrastructure funding. Please consider this – while hundreds / maybe thousands of intelectual politicans get paid to manage our country – no one / NOT ONE has suggetsted an altrnative that does not affect the rich or the poor persons wallet. Why don't we do away with FOREIGN AID and STOP GETTING INVLOVED IN WARS WE CANNOT WIN AND HAVE NO PUSINESS IN. Trillions of dollars availbel here that can be spent in funding our own country! How about that?

    August 16, 2012 10:56 am at 10:56 am |
  4. The REAL Truth...

    It's not about "whose Medicare plan cuts more".... it's about what happens as a result of the cuts.
    We're talking reduction in funding with no loss of coverage vs. privatization and a static amount voucher system that will cost seniors up to $6,000 MORE a year.
    It's a no-brainer...

    August 16, 2012 11:00 am at 11:00 am |
  5. Thomas

    Obama's plan doesn't take 700 billion from medicare, it reduces the dependency on medicare by a significant portion over 10 years. Ryan's plan is taking the money put into medicare by everyone from 15-54 and saying, "whelp, here are some vouchers. I hope you don't go over it."

    Now, people 15-54 can opt out of Ryan's voucher plan and put money towards other insurance thereby potentially having insufficient funds to keep medicare for those 55+. Romney's plan on re-adding 700 billion to medicare and removing the ACA will cause medicare to implode in 2016.

    August 16, 2012 11:07 am at 11:07 am |
  6. Obama Cares

    With a voucher program and privitizing, I only have only one word of advice to America, ENRON!! fI privitization was implemented, eventually someone will walk away with your money and "vouchers" and everybody would be left high and dry, except for the 1% and the Romney-esque.

    August 16, 2012 11:08 am at 11:08 am |
  7. Thomas

    Oh, and Ryan and Romney haven't "Run the numbers", something people aren't reporting because they want to be fair and balanced. Report news. If you report properly and it still isn't balanced, maybe one side is the problem.

    August 16, 2012 11:10 am at 11:10 am |
  8. luke,az

    Those $716 billion in cuts are cuts to the insurance providers. Gov Romney is twisting the truth again. SHOW US YOUR TAXES GOV ROMNEY.

    August 16, 2012 11:11 am at 11:11 am |
  9. rs

    Ooooooh! A trick question. Both campaigns cut non-benefit funds, so virtually no difference, esxcept that Mr. Romney has flip-flopped this morning to say he won't cut anything from Medicare (and I guess do more deficit spending instead).

    The REAL difference though is Mr. Ryan's plan turns Medicare into a voucher plan that pays insurance premiums only- a benefit to them, and a detriment to seniors.

    How about tomorrow we debate whether Mr. Ryan is really a fiscal "conservative"??

    August 16, 2012 11:12 am at 11:12 am |
  10. rs

    hate from the left but mostly lies-

    We covered this yesterday- You are mis-representing the truth. Why not discuss what turning Medicare into a coupon for medical insurance. That doesn't change anything, right?

    August 16, 2012 11:15 am at 11:15 am |
  11. IF YOU SIGNED GROVER'S PLEDGE, YOU ARE A TRAITOR TO THE U.S.

    Ryan is an avid follower of Ayn Rand. He wants to kill Medicare. Simple as that. Her & Ryan's philosophy is that you have to fend for yourself and government has no role in the lives of people.

    August 16, 2012 11:15 am at 11:15 am |
  12. Lynda/Minnesota

    Let's see. Where to begin...

    Mr. Ryan is on record for voting for each and every one of GW Bush's budget exploding programs during Bush's 8 years as President. Indeed all his "yeah" votes helped send Clinton's budget surplus to China faster than any plane ever could.

    Mr. Ryan is on record for getting untold media attention for slamming Obama's Stimulus all the while Mr. Ryan was soliciting funds for his own pet projects. Not to mention praising the Stimulus as a great job creator behind closed doors.

    Mr. Ryan inherited a very lucrative road construction business which saw it's formation as road building business that thrived on federal subsidy infrastructure contracts.

    Mr. Ryan is a "budget hawk" who doesn't follow his own advice ... and now, when President Obama did manage to cut wasteful spending out of Medicare by sticking it to the insurers, not our Seniors (Florida Gov. Rick Scott comes to mind), Ryan is up in arms?

    Mitt Romney picked a real doozy.

    August 16, 2012 11:16 am at 11:16 am |
  13. Bill

    The GOP is completely without portfolio, lacks any meaningful direction, and has become a party devoid of ideas and purpose. In short, they are going to get hammered in November.

    August 16, 2012 11:16 am at 11:16 am |
  14. Woman In California

    So, for those of us just short of 55 we lose everything and have to start over as if we are 21 correct? Willard and Paul KMA.

    August 16, 2012 11:21 am at 11:21 am |
  15. rs

    Bill-

    I think you are being kind in your comments on the GOP. From where I stand, I think they have lost all sense of reality. They aren't without ideas, they are insane.

    August 16, 2012 11:22 am at 11:22 am |
  16. Thomas

    Rove's plan has always been to attack your opponents strengths. The problem becomes, people actually need to read what is going on instead of accepting his talking points as fact.

    August 16, 2012 11:25 am at 11:25 am |
  17. Obama - Ending the American Dream as We Know It

    Obama has absolutely ZERO credibility when it comes to ANYTHING related to the economy and finances. Why does ANYBODY believe a word he says? His 4 year record of failure proves he is an empty suit and clueless when it comes to this stuff. He has submitted budgets that were a total joke and they got ZERO votes from ANYBODY, including his own party. This fool is the LAST person people should be looking to for solutions.

    August 16, 2012 11:32 am at 11:32 am |
  18. Sniffit

    "Romney has not adopted his running mate's plan, but said it "makes important strides in the right direction."

    LIE. TAX RETURNS.

    August 16, 2012 11:36 am at 11:36 am |
  19. Lynda/Minnesota

    Woman In California

    So, for those of us just short of 55 we lose everything and have to start over as if we are 21 correct? Willard and Paul KMA.
    ---------–
    Woman In California

    So, for those of us just short of 55 we lose everything and have to start over as if we are 21 correct? Willard and Paul KMA.
    --------

    Yeah. There is going to be two exchanges: Those who have it and those who don't. I'm guessing that the those who have it (over 55) will soon learn that they will end up in the those who don't have it category sooner than they think.

    August 16, 2012 11:37 am at 11:37 am |
  20. Larry L

    It's simple... Under Ryan's plan if costs go up more than reasonable levels the senior citizens pay the bill – allowing providers to charge whatever they want. This is like the Bush pharmaceutical plan that was a gift to the drug companies and a stick-in-the-eye for seniors. Under the Obama plan the providers would get reduced payment if the bills went up too much – reasonable since they are the ones capable of controlling costs and providing outcome-oriented care rather than service-based treatments with unnecessary tests, procedures, and outrageous fees.

    August 16, 2012 11:38 am at 11:38 am |
  21. Jerubbaal

    Finally an honest assessment from the third estate. The MSM cannot complain about the tenor of the race if they just carry the water of the campaigns. Kudos to Soledad O'Brien for holding the talking heads accountable and not allowing them to just espouse their talking points. The MSM disseminates the info that voters use to formulate opinions and therefore has the responsibility to not allow the campaigns to lie or distort the truth. They need to hold all to the truth as this article does. Well done

    August 16, 2012 11:39 am at 11:39 am |
  22. Obama - Ending the American Dream as We Know It

    >luke,az - Those $716 billion in cuts are cuts to the insurance providers.

    So what do you expect to happen as a result of these massive cuts? Do you expect the insurance companies to go bankrupt or get out of the health insurance industry? Yes, that is exactly what the leftists Democrats want, government run healthcare.

    What WILL happen is that once the insurance companies indicate they will need to drop people or refuse coverage of certain procedures in order to remain a viable business, the politicians will do the very same thing they do with the "Doc Fix". They will give them the money. This is the same mythical savings farce but with insurance companies and hospitals.

    The Democrats have used every deceitful trick in the book to force Obamacare on the American people. The truth of the size and scope of the disaster becomes more and more evident with each passing day.

    August 16, 2012 11:39 am at 11:39 am |
  23. anthony76

    "hate from the left but mostly lies"

    what you are saying are clearly lies. but thanks for playing.

    August 16, 2012 11:44 am at 11:44 am |
  24. SafeJourney

    This is what the Center of Budget and Policy has to say about the Ryan Budget Plan which Romney supports
    The new Ryan budget is a remarkable document — one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse — on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation’s history).

    August 16, 2012 11:46 am at 11:46 am |
  25. Four and The Door

    Paul Ryan cares enough to save an important program while it is still possible. Obama just helps it go broke quicker. It's not tough to see who we need working for us in Washington. Romney/Ryan 2012.

    August 16, 2012 11:47 am at 11:47 am |
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