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Mitt Romney: Says Barack Obama "robbed Medicare (of) $716 billion to pay for … Obamacare."

Posted by Politifact.com Truth-O-Meter rulings from National On August - 15 - 2012 News Politics
The Truth-o-Meter says: Mostly False | Mitt Romney said Barack Obama robs Medicare of more than $700 billion to pay for Obamacare

Medicare is a hot topic in the presidential race since Mitt Romney picked U.S. Rep. Paul Ryan to be his running mate. Ryan, R-Wis., is the head of the Budget Committee in the U.S. House of Representatives and the architect of a plan to dramatically restructure Medicare. Ryan’s plan is for people who are under age 55 now. It would give them voucher-like credits to buy traditional fee-for-service Medicare or competing private insurance plans. (The credits are sometimes called "premium support.") Though House Republicans voted overwhelmingly for Ryan’s plan, ...

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Read Entire Story: Politifact.com Truth-O-Meter rulings from National

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