Romney hits Obama on Medicare in podcast
August 18th, 2012
05:00 AM ET
2 years ago

Romney hits Obama on Medicare in podcast

(CNN) – Mitt Romney on Saturday released what his campaign called his "first weekly podcast" - a pre-recorded message similar in format to the president’s weekly address – that hammered President Barack Obama over Medicare.

The Republican Party’s presumptive nominee for president accused Obama of siphoning funds from Medicare to fund his health reform law.

"I think it’s outrageous that the president took $716 billion out of the Medicare trust fund to pay for Obamacare," Romney said during the address, which lasted approximately five minutes.

"No president should put in jeopardy your benefits."

Romney appeared to be referencing a July report from the Congressional Budget Office that stated a repeal of the Patient Protection and Affordable Care Act would result in a $716 billion increase in Medicare spending through 2022.

But counter to Romney’s claim, it also found that Medicare would not lose $716 billion should the health reform law remain in place.

According to the Congressional Budget Office, repealing the health care reform law would eliminate cuts to health care costs, not cuts in benefits to the elderly.

Romney's attention to the issue follows this week’s release of a new television advertisement that gave a harsh assessment of Obama's handling of Medicare.

Obama's campaign responded with its own ad, and Romney held a press conference where he laid out their differences on a white board.

In the podcast, Romney said his plan "preserves and protects Medicare, and it guarantees the future of the program by forcing insurance companies to compete for business."

He also blasted the health reform law's independent payment board, saying the panel could "deny elderly Americans the care they've worked for their entire lives, all because President Obama trusts bureaucrats more than he trusts seniors and their doctors."

Romney mentioned his own Medicare proposal and one advanced by his running mate, Rep. Paul Ryan of Wisconsin.

"Now that he and I have teamed up, we're going to ensure that seniors are protected from President Obama's reckless actions," Romney said.

A memo circulated Saturday by Romney’s campaign, written by campaign Policy Director Lanhee Chen, said the running mates "have the same vision for the future of Medicare."

"The plan put forward by Governor Romney in November 2011 and the bipartisan one (co-authored by Ryan) put forward in December 2012, take the same approach that (a) makes no changes to Medicare for those over 55; (b) starting in 2022, transitions Medicare to a premium support model with competitive bidding to determine support levels, (c) offers traditional Medicare as an option competing in that system, and (d) means-tests the premium support so that lower-income seniors receive the most generous assistance," the memo said.


Filed under: 2012
soundoff (19 Responses)
  1. tee1227

    When is this Guy Mitt gonna tell the truth. I think it’s outrageous that the president took $716 billion out of the Medicare trust fund to pay for Obamacare," Romney said during the address, which lasted approximately five minutes. I would never listen to a tax evader yes a tax evader. I think the IRS needs to take a hard look into Mitt taxes oh i forgot, he has not paid any in 10 years.

    August 18, 2012 06:04 am at 6:04 am |
  2. n

    That's right Romney, keep the lie alive. The whole world is watching you on the stage lying. Do you think for one minute, you are trusted?

    August 18, 2012 07:50 am at 7:50 am |
  3. Qi

    Mitt Romney was a vocal advocate for the Vietnam war. Then he was called to serve his country three times. Three times he recieved deferment based on religion. Other young men had to serve in his place. Then he hid his money in off shore banks, so others could pay for the war. Now he wants to be commander and chief so that he can send others in to battle and send the bill to you..............MITTS UNFIT

    August 18, 2012 07:51 am at 7:51 am |
  4. ED FL

    Fortunately this guy isn't going to come even close to getting elected as PResident. At any rate until he shows where he is keeping his money and how much he owes for dodging US Taxes he will remain the dummy that America thinks he is.

    August 18, 2012 08:02 am at 8:02 am |
  5. Crismn

    Show.your.tax.returns!!!! Mr. Romney what happened to the $ 50,000,000 you got by ripping off investors in the Italian Yellow Pages deal?!?!

    August 18, 2012 08:43 am at 8:43 am |
  6. Marty, FL

    "Pants on fire" Romney would repeal seniors' ACA prescription savings whereby reinstating doughnut holes in coverage.

    Romney's no change rhetoric is simply another lie.

    August 18, 2012 08:44 am at 8:44 am |
  7. Marty, FL

    Romney/Ryan hypocritically keep the same $716 billion from Medicare in their budget.
    Disingenuous politicians.

    August 18, 2012 08:49 am at 8:49 am |
  8. Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

    The Gop goof party is trying to defund Medicare and medicade by switching the younger people to vouchers ,if nobody pays the fica tax to fund the program it will die on the vine , wake up people !!!! But what else would you expect from a tax cheat romney and a teaparty extremest Ryan , they lie a lot too

    August 18, 2012 08:59 am at 8:59 am |
  9. American

    Romney-Ryan would privatize Medicare yet dishonestly suggest no changes...until the next market crash.

    Seniors and middle-class Americans deserve better. President Obama 2012

    August 18, 2012 09:04 am at 9:04 am |
  10. cisco4

    Romney you got the Siphon... we don't have..... one......

    August 18, 2012 09:05 am at 9:05 am |
  11. Norma Vessels

    We are not going to sit here and believe that your plan, Mr. Romney .. or your plan, Mr.Ryan, will not hurt the elderly! Far from it .. both your plans, whether put together as one, or separated, will hurt the elderly. How can they know what to do with vouchers! Where would they go to find a reasonable insurance company that would honor those vouchers! You are treading on thin ice ... don't go there. We don't believe all those pretty, fancy words you're putting out .. to hide the fact that your plans would hurt the elderly! People ... these elderly are your parents, your grandparents, your great grandparents, and cousins and .... family! I will not see my family hurt this way. I am voting rock solid for President Obama. He won't EVER do anything to hurt my family, despite the obstruction he gets at every turn. I trust him.

    August 18, 2012 09:13 am at 9:13 am |
  12. Wire Palladin, S. F.

    Mittens' inane allegations have been debunked already. What is wrong with him? The flopper gets a 'pants on fire' rating and he then doubles down. Try as he may, it does not take the attention away from his illegal tax activities.

    August 18, 2012 09:13 am at 9:13 am |
  13. Marie MD

    You lying piece of bishop. He did NOT siphon funds unless cutting unnecessary spending and waste is called siphoning.
    Don't worry TWIT, you might have brought the altar wiener boy to take the focus off your business "experience" at bain (and your retroactively retiring) and your $77,000 horse deduction and your "corporations are people", and "I like to fire people", and I am "unemployed" with over $250M in the bank that we know of or not producing your tax records and your car elevator mansion but your boy toy's Medicare plan is just an addition to the horrendous president/vp you two would be. When his catholic church and his own rethug party don't like his budget plan you know it stinks!

    August 18, 2012 09:32 am at 9:32 am |
  14. Wire Palladin, S. F.

    Put up or shut up Mittens. You really need to release your taxes, because you lied about your MA taxes, you lied about the Marriott taxes, you pay a lower rate than most Americans, you have foreign accounts, you have $100 million in an IRA, you shredded all olympic records, retroactively resigned from Bain, erased MA government hard drives, and seem to think that charitable donations are included in you tax rate.

    August 18, 2012 09:39 am at 9:39 am |
  15. Mack

    I guess Romney can't read or has trouble with reading comprehension or is a liar.

    August 18, 2012 09:52 am at 9:52 am |
  16. GI Joe

    Romney is as full of turkey as a Christmas crap.

    August 18, 2012 09:55 am at 9:55 am |
  17. Anonymous

    Deja vu on par with Palin's ... "I said thanks, but no thanks to the bridge to nowhere ..." baloney.
    She kept repeating that lie over and over and over too.
    Mitt Romney ala Palin lied his way through the primary and it now looks like he gonna keep lying in the General.

    August 18, 2012 10:33 am at 10:33 am |
  18. rob

    MediSCARE won't work this time. The American people are more informed now because the liberal media no longer has a monopoly on the news. When we are allowed to evaluate both sides of the issues it won't be good for Democrats.

    August 18, 2012 10:37 am at 10:37 am |
  19. Yonni

    The Bishop knows it is a lie but he has no soul, conviction or decency to stop lying.

    August 18, 2012 10:49 am at 10:49 am |