Romney and Ryan’s plan to turn Medicare into a voucher system would raise seniors’ health costs by thousands of dollars to pay for tax cuts for the wealthiest. They’d repeal Obamacare, which is helping millions of seniors save on their prescription drugs. President Obama’s $700 billion in Medicare savings didn’t cut benefits, and health reform is extending the life of Medicare for eight more years – which is why Paul Ryan included those exact same savings in his budget.
- Mitt Romney and Paul Ryan would voucherize Medicare so they can give more tax breaks to millionaires and billionaires.Ryan also proposed a plan – which Romney said he would sign – to privatize Medicare, which would raise seniors’ health costs by nearly $6,400 a year. Even Newt Gingrich called it “right-wing social engineering.”
- Must Watch: This new video of Romney calling his Medicare plan “the same, if not identical” to Ryan’s plan to turn Medicare into a voucher program.
- Fiction vs. Fact:Romney and Ryan know that seniors don’t like their extreme plan to raise health costs and voucherize Medicare, so they’re attacking the President and lying about their own plan. They’ll say anything to get elected.
- Fiction: “Obama cut Medicare by $700 billion.” Fact: The $700 billion in savings that are extending the life of Medicare through 2024 came from cutting unnecessary subsidies to insurance companies, waste and fraud – which is why Ryan put it in his budget, too. Under President Obama, fraud prosecutions are up 75 percent and we’ve recovered more in health care fraud than ever before.
- Fiction: “It’s like Medicare Advantage.” Fact: Romney and Ryan would radically change Medicare by taking away guaranteed benefits and instead giving seniors a voucher that wouldn’t keep up with health costs or ensure they can get the same health care they have today. If the voucher doesn’t cover seniors’ plans, they’ll have to pay more.
- Fiction: “Current seniors won’t be affected.” Fact: Romney and Ryan would repeal Obamacare, which would raise Medicare premiums for all seniors, raise prescription drug costs and force seniors to pay out of pocket for cancer screenings and other preventive services.
- Fiction: “It’s a bipartisan plan.” Fact: Senator Wyden voted against Ryan’s budget and said it was “nonsense” to claim that he supported the Romney-Ryan budget or its extreme plan to turn Medicare into a voucher system.
- Must Read: This OFA Truth Team blog post debunking Romney’s false attack ad.
- President Obama is strengthening Medicare and helping seniors save money, which is why the AARP supported Obamacare in the first place. It extended the life of Medicare by eight years without cutting benefits, and it’s helping millions of seniors save through lower premiums, free preventive care, and less expensive prescription drugs.