VIDEO – President Obama explains his opposition to Mitt Romney’s plan to turn Medicare into a voucher program in the first presidential debate of the 2012 election. Mitt Romney admitted that his plan for Medicare will end guaranteed care for future senior citizens and turn it into a voucher program. President Obama is against the privatization of Medicare and he explained the dangers of Romney’s voucher program.
Mitt Romney and Paul Ryan want to turn Medicare into a voucher program, ending the guaranteed health care that America’s seniors currently receive. The Paul Ryan plan for Medicare, well documented in his budget proposals, was embraced by Romney even before he chose Ryan as his running mate.
Romney confirmed his plans to end Medicare for future seniors and used the diversionary tactic of emphasizing that it would stay the same for current seniors. But what about the rest of us? For the money everyone else has paid into the Medicare system throughout a lifetime of work, Romney would eliminate the guarantee of health care after retirement and replace it with a voucher to buy private insurance from his insurance industry friends.
President Obama is against the Romney-Ryan plan to end Medicare. He instead strengthened Medicare by removing $716 billion of fraud and waste from payments to healthcare providers, which provides a savings to the system that adds 8 additional years to the solvency of the program. During the debate, Mitt Romney repeatedly tried to twist this (as he has for months) into “Obama took $716 billion out of Medicare”, which is an outright lie. In fact, Paul Ryan’s budget used the same $716 billion in savings before he joined the Romney ticket.