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Obamacare vs. Romney's Medicare plan

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    Peter Johnson, Jr. weighs in

  • Duration 3:36
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Welcome back Mitt Romney says the president has -- -- Medicare the tune of 716.

Billion dollars upon obamacare but that his plan would say that his plan being Romney's plan would save it meanwhile President Obama claims the Romney plan hurts Americans.

So who has the better plan for seniors -- to break it all down for us is Fox's legal and -- mr.

Peter.

John take it -- what do you -- I look at this in the same way we looked at Obama care for a couple years is that what -- the Mitt Romney plan we've seen all these negative.

Commercials and then an and a lot of those scurrilous talk so what is itself.

Nothing changes under the plan for current seniors -- those nearing retirement and additionally.

Medicare is in reformed -- what's -- the premium support system.

Whereby all Americans on Medicare would get a fixed amount of money if it was done today would be about 151000 dollars need to have an opportunity to purchase a policy.

Or -- A goal and stay on Medicare as it exists.

Now.

Traditional fee for service Medicare would in fact be offered under the Romney plan now.

A lower income seniors would receive more what's called premium support then wealthier Americans.

But there'd be the same opportunity to receive the same care and finally.

The point is that competition.

Among plans and people's interest in ensuring that cluster kept -- -- Would reduce cost they'll.

The really interesting thing about it is that the plan that Mitt Romney.

Is talking about.

Is half the democratic plan senator Ron Wyden I don't know we have his picture he's one of the authors of the plan with congressman Ryan.

And Mitt Romney is that I'm gonna adopt it.

It and I think it's important to understand.

That.

A coaster -- and his mother lives in Florida she's a senior on Medicare I think you've talked about that.

Before any -- on sixty minutes Lucy waits to give it my mom is a Medicare senior at Florida are poised we need to preserve their benefits.

Because government made promises to them.

The people organize their retirements.

Around.

And sold that appears to be what the Romney plan.

Is about and unfortunately lot of some things up for -- we need to point out yes the Ryan plan but -- said he'll without major portions of the Ryan plan.

That that I was that is the Romney plan that we just talked about and Mitt -- made it clear that what he has adopted.

Is -- ride in the.

Why didn't plan pretty bipartisan.

Plan with Republicans -- very Democrats we didn't let time be sure to point this out if -- 55 and older.

Nothing changes it if it does it and it -- -- 53.

Actually 53 based on taking a couple years to pass.

Increase the Medicare age to 67 because it's gonna run out.

In 2023.

-- 2024.

We don't have the money to sustain it -- so what Mitt Romney saying it.

I adopt this bipartisan plan to help save Medicare where at the same time the president has taken 716.

Billion dollars from Medicare in order to fund.

Obama care that's the difference at this point a lot of people are concerned that under the Obama care about the plan.

There's this independent advisory committee fifteen unelected people.

To make decisions does that lead to rationing for older Americans.

We're gonna break down the plans going forward but that's the Romney held no iPad no independent advisory board in the Ryan Romney Romney Ryan plan right now repealing that Ali deputy -- -- thank you so well.

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