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."

FULL STORY

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

    Funny how the liberally biased media isn't blasting about the guy who shot up the FRC yesterday and talking about domestic terrorism (which it clearly was) they same as they did not seem to be able to bring themselves to mention that the Colorado shooter was a heavy marijuana user (as reported in the European media). I guess this would violate Obama regime dictates and so they seem to concentrate on serving red meat to the dope addicts in the form of Paul Ryan, with an occassional dash of Sarah Palin.

    August 16, 2012 11:48 am at 11:48 am |
  2. ST

    I believe Paul Ryan is full aware what he wants to do to medicare will not be accepted by seniors. Here is the reason: Ryan doesn't give any explanation at all wherever he goes instead just saying " Am waiting for the debate". Gee, is this the person who have been picked with full expertise? even the interview he took with Fox News was not impressive at all. It is good that people have realise this problem quite early and thats why there is no bounce to Romney after picking him as his VP.

    August 16, 2012 11:48 am at 11:48 am |
  3. SafeJourney

    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 11:49 am at 11:49 am |
  4. Sniffit

    "Finally an honest assessment from the third estate...."

    I read all of that as though it was sarcasm. This was a superficial fluff piece that did absolutely nothing to clarify anything. Rather, the entire intention of the article was to create a false equivalency in order to generate the assumption that the writer (and the network) was being unbiased and objective, despite providing nothing but a scratch-the-surface he-said-she-said kindergarten quality analysis. It has been sniffed and found wanting.

    August 16, 2012 11:49 am at 11:49 am |
  5. Sniffit

    "Do you expect the insurance companies to go bankrupt or get out of the health insurance industry?"

    Not at all. They'll be receiving increased profits already via ACA's subsidization of millions of new insureds.

    "Yes, that is exactly what the leftists Democrats want, government run healthcare."

    You got us there. The numbers don't lie and they say it works far better than the nonsense we've been trying for the past half century. Ask Israel...Mittens spent a lot of breath while over there complementing how wonderful their health care is and how they only spend 8% of GDP on it while we spend 18%. Guess how Israel's health care system works. Go ahead. Guess.

    August 16, 2012 11:53 am at 11:53 am |
  6. Obama - Ending the American Dream as We Know It

    The completely FAULTY DESIGN of Medicare by the Democrats is "ending Medicare as we know it". Like everything they do, the promise it will cost x and it always ends up costing 100 times x.

    We are dealing with the union benefit mentally with the Democrats. Just get as much as you get with total disregard for the affects on the country. Unions and their insane benefit plans are bankrupting cities and states. Medicare and Social Security is the very same thing, but on a national scale. THEY WILL EVENTUALLY BANKRUPT THE USA IF LEFT AS IS.

    Romney and Ryan are trying to figure out how to keep that from happening. The Democrats are hell bent on making it happen. GM went under from crushing union benefit costs and Obama bailed them out. NOBODY will be able to bail out the USA when we go under. With Obama and the Democrats in control, it is inevitable.

    August 16, 2012 11:54 am at 11:54 am |
  7. mcskadittle

    politifact shows that both parties are claiming the same medicare cut to get their 700 billion

    August 16, 2012 11:55 am at 11:55 am |
  8. Lynda/Minnesota

    "Paul Ryan cares enough to save an important program while it is still possible."

    Not true. He eliminates it ... entirely.

    August 16, 2012 11:55 am at 11:55 am |
  9. Bill from GA

    First, we have NO IDEA what romney's plan will be, as he has no intention of giving out details. Like his taxes, details would just be used against him. (Isn't that what Anne said?)

    Secondly, mitts is going to lie about whatever Obama does to extend Medicare.

    August 16, 2012 11:57 am at 11:57 am |
  10. rs

    Obama – Ending the American Dream as We Know It-

    Possibly because under his leadership the Stock Market is more than 100% ahead where it was under Bush? How about because 4.4 million people now have jobs after the disasterous crash of '08? Perhaps it is because the federal government is the slimmest in a generation?

    Mr. Romney and Mr. Ryan intend to 'retrun" America to the failed GOP policies of GW Bush- why would they have any credibility?

    August 16, 2012 12:00 pm at 12:00 pm |
  11. Jerubbaal

    @Obama ending the american dream ???????????????? The insurers will make up the lost revenue, 716 million, by the increase in volume. That is, with The ACA providing an additional 40 million customers to the insurable pool it will offset the losses in fee increases for medicare charges. Thus people will not be denied coverage or services.

    August 16, 2012 12:01 pm at 12:01 pm |
  12. myviewis

    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
    -------------------------

    Obama has not given Senior Citizens a cost-of-living increase in 3 years and they have been needing their money desperately, many have had to cut on their medicines and food.

    August 16, 2012 12:01 pm at 12:01 pm |
  13. SafeJourney

    The Ryan budget answers the question, "Who is John Galt?"

    August 16, 2012 12:01 pm at 12:01 pm |
  14. caredfennell

    In order to see the "big picture" you have to look at healthcare as a whole. Romney/Ryan should they win in November, would do away with Obamacare, which now protects individuals with pre-existing conditions. With that safety-net gone, then the "voucher" system will put seniors back into an insurance program that has no protection for pre-existing conditions, also, prescription costs for much needed medicine would explode. That means seniors can be dropped from insurance or prohibited from getting care on their issues or the cost of insurance would be so high, they would not be able to afford the insurance. While Medicaid right now is also a safety-net for many, this program would be ended as well. So, many of our poorer and older citizens on a fixed income would have "NOTHING" and would probably die for lack of good medical care. While we need to have the conversation about how we fix Medicare, it really goes much deeper than that, however, we are at the mercy of the "talking heads" and "Polititions" who really only care about their own agenda, which is really sad for the American people. I 'm a senior citizen who worked in the private sector for 45 years and am now so thankful for Social Security and Medicare. Before the President had the donut hole addressed, when I hit the donut hole, my drugs went from an affordable amount to $1,000.00 a month. This was the difference between having my medicine and not having enough money for food. I know I'm not alone, we feel like we are the forgotten people and we need to have someone in office who will continue to care about the middleclass and seniors in this country.

    August 16, 2012 12:02 pm at 12:02 pm |
  15. Obama - Ending the American Dream as We Know It

    >SafeJourney – This is what the Center of Budget and Policy has to say about the Ryan Budget Plan

    Who cares what the leftwing progressive groups have to say? When the country goes belly up how much will THAT hurt the poor? All these leftwing government priograms only create more and more poor people. In the USA, most people who are poor are that way by choice.

    August 16, 2012 12:03 pm at 12:03 pm |
  16. Sniffit

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

    What a very interesting way of characterizing him promising to sign it. That water getting heavy yet, CNN?

    August 16, 2012 12:04 pm at 12:04 pm |
  17. Sniffit

    "Obama has not given Senior Citizens a cost-of-living increase in 3 years and they have been needing their money desperately, many have had to cut on their medicines and food."

    Obama doesn't give them. Congress does. Thanks for playing. Here's a giant tootsie roll as your consolation prize.

    August 16, 2012 12:05 pm at 12:05 pm |
  18. Sniffit

    "GM went under from crushing union benefit costs and Obama bailed them out. "

    Actually, it was from several years of horrible decision-making and pursuing a terrible business model, but that's ok, we understand that even right wing extremists need to be able to sleep at night.

    August 16, 2012 12:06 pm at 12:06 pm |
  19. myviewis

    The article states that Obama says that Ryan wants to "End Medicare as we know it" not that Ryan is getting rid of Medicare. It also states that come 2024 Medicare won't be able to afford to cover all costs which means something has to be done now to preserve Medicare. Ryan's plan according to the article says that the traditional fee stays or people can choose their own insurer and Medicare pays for it and if the premium goes over then you pay the difference. And if it is lower than you get the difference. Bottom line, Ryan proposes to change and give us an option or stay with the traditional but he is not eliminating Medicare.

    August 16, 2012 12:08 pm at 12:08 pm |
  20. myviewis

    @caredfennell:
    ------------–

    According to this article under Ryan you have the choice to stay with traditional Medicare or choose your own and Medicare pays it. You have the choice of either.

    August 16, 2012 12:11 pm at 12:11 pm |
  21. Sniffit

    "Who cares what the leftwing progressive groups have to say?"

    Mittens certainly has cared about what CBPP and the Tax Policy Center have said when they said things he thought expedient to furthering his ambitions. His angry rhetoric about bias is another flip-flop. And his recent blather about Simpson-Bowles is total crap too. Bowles has already publicly stated that Mittens' tax and budget plans and promises would require raising taxeson the middle-class. Mittens has painted himself into a corner and is now busy painting his clown shoes.

    August 16, 2012 12:13 pm at 12:13 pm |
  22. Pete

    Pres.Obama isn't slashing anything,just redistributing to other programs within Medicare and Romney,Ryan won't run on this lie for long, none of their lies last...When its debate day see if Romney and his AynRand diciple Ryan his cheerleader is there for emotional help,he'll need it because Romney is known for flubbing up public debates and his wealthy elitist arrogent side shows thru eventually talking down to someone no matter who they are, he did it as governor why not now...Then we'll see how knowledgable he is in his own plans in balancing the budget,Medicare revamped ,12 million jobs,the ones he got Ryan for because Romney has none,you hypocritical republicans know it...You can't hide from your skeletons and Romney will finally meet his at the debates,I just hope they're not Mexican,that certainly would be a rude awakening !!

    August 16, 2012 12:15 pm at 12:15 pm |
  23. Pam from Iowa

    Both plans include spending caps. But under Obama's Affordable Care Act, providers could see larger decreases if costs grow faster than projected, while Ryan shifts any additional expenses to beneficiaries.
    In other words, Ryan wants senior citizens to have to pay more!!

    August 16, 2012 12:16 pm at 12:16 pm |
  24. w l jones

    Who Med plan Mr. ROMmony or Mr. Ryan if elect who plan would take president over the other. .. when sent to congress?

    August 16, 2012 12:17 pm at 12:17 pm |
  25. myviewis

    @Lynda/Minnesota
    Not true. He eliminates it ... entirely.
    -----------------------

    Read the article, Ryan does not eliminate Medicare, not even Obama is saying that as per the article. Obama says Ryan wants to end Medicare AS WE KNOW IT and truthfully, regardless of who becomes president come 2024 they all agree Medicare won't be able to afford paying the costs and it has to be changed to save it. The question is Who's change can save Medicare better????? Ryan's plan will give people choices but he is not eliminating Medicare.

    August 16, 2012 12:17 pm at 12:17 pm |
1 2 3