Obama: Romney’s Medicare Reform to Cost Seniors Thousands
President Obama continued his push for older voters in the important battleground state of Florida on Sunday by charging that Mitt Romney’s Medicare reform plan would increase health care costs by tens of thousands of dollars for Americans nearing retirement age.
Obama made the charge after his campaign cited a new study to reporters by the liberal group Center for American Progress Action Fund, an organization with close ties to his campaign. The study concludes that the average person retiring at age 65 in 2023 would pay $59,500 more over the length of their retirement. A person qualifying for Medicare in 2030 would pay $124,600 more, according to the study.
“One report just said that by the end of the next decade, our opponent’s plan would mean $16 billion and $26 billion for insurance companies,” Obama said at a rally at the Florida Institute of Technology. “So basically your costs would rise by thousands, so their profits can rise by billions.”