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Are Obama's attacks on GOP Medicare plan accurate?

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    Jim Angle looks at the fact and fiction

  • Duration 2:55
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If President Obama does lose in November -- will be despite a relentless attack on Republican plans for Medicare.

Chief national correspondent Jim Angle looks at the facts and the fiction.

Though the Ryan Medicare plan has bipartisan support the Obama campaign -- after it early and often their plan.

Word.

Shorten.

The life of Medicare and end Medicare as we know it because they turned into a voucher system.

Actually the Ryan plan would -- no 155 and over then into any 23 private insurers could bid for seniors health insurance alongside traditional Medicare.

Ryan's plan would offer federal money to cover -- news.

Equal to the second lowest bidder and updated every year -- seniors would always have at least two choices of plans at no cost.

A senior would have the option of taking that plan.

Or taking a cheaper plan pocketing some of the savings.

Or taking a more expensive plan and paying the difference is not going to be an entirely different structure to be very much building upon things that are are you there.

In part because the plant would have all over the same benefits Medicare does even now 25% of -- used private plans with the -- Medicare call Medicare Advantage.

Because they cover more avoiding the cost of supplemental plans called Medigap.

They optional sign up for -- Medicare Advantage plan.

Do they get more comprehensive coverage without the need for a second poignant.

The same advantages in the Ryan plan nevertheless the president argues seniors would get stuck with a bill that got.

-- by private insurance.

And at the doesn't keep up.

What costs.

Well that the seniors brought.

The Congressional Budget Office couldn't quantify the savings from competition in an earlier Ryan plan and assume the cost of private plans would increase as much as health care generally.

So Ryan changed the plan so much so this now cosponsored by liberal democratic senator Ron Wyden of Oregon.

Who believes the current system is doomed to fail.

-- steady diet of benefit reductions for senior citizens.

And cost shifting and -- all take place until the Medicare guarantee is threatened.

And I'm just not gonna sit -- and -- And with that the whole idea is that this competitive process.

Would lead to cheaper insurance for seniors at the same level of benefits that they currently enjoy.

Since Medicare has promised tens of trillions of dollars more in benefits than it can possibly pay.

Congressman Ryan and senator -- argue it must be changed.

In order to survive Brett.

The latest Ryan plan.

Though is different than it seems the one the president is campaigning at all -- the president is talking about the first Ryan plan.

We've CBO couldn't score because had you figure out how much competition will say.

So what they did was he changed it got widened on the word.

And -- CBO hasn't scored this one but it's clearly much simpler and much more attractive to Democrats -- -- thank you.

One factor in the.

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