The fact of the matter is, that the reason it's goin down is that Obama took 716 billion out of Medicare to pay for Obamacare, and the beat goes on.
This is a Drive by media talking Point , false and did not happen. He removed 716 billion from going to INS companies.
Ryan wanted to put it back and award them. Feel free to fact check it.
According to the Congressional Budget Office, it's not the patients who would lose money. It's the providers. The president's changes mean the annual increases insurance companies receive will be trimmed and hospital reimbursement rates would be reduced.
In fact, vice presidential nominee Paul Ryan's proposed budget contains these same reductions, something CBS News asked Governor Romney about. "Well, first of all, Congressman Ryan has joined my campaign and his campaign is my campaign now. And we're on the exactly the same page. And my campaign has made it very clear: The president's cuts of $716 billion to Medicare -- those cuts are going to be restored if I become president and Paul Ryan becomes vice president."
The Congressional Budget Office concluded
the cuts -- which do not come out of the Medicare trust fund --
actually make Medicare more efficient and extend the life of the program. Additionally,
all but four members of the house GOP voted for those same cuts in passing Ryan's budget plan
and it's also worth a mention one of the sticking points in this whole fiscal cliff discussion is the GOP wants even more cuts in medicare above the 716 billion in waste already cut from the program. Only difference is these new cuts being sought will affect participants.
