Paul Ryan: "Obamacare" is Greatest Threat to Medicare

Rep. Paul Ryan (R-Wis.) accepted his vice presidential nomination last night at the Republican National Convention in Tampa, Fla. In a speech that followed, Mr. Ryan said "Obamacare" is the greatest threat to Medicare, according to a transcript from Politico.

Mr. Ryan said President Barack Obama has "funneled" $716 billion out of Medicare "all to pay for a new entitlement we didn't even ask for," according to the report. "The greatest threat to Medicare is Obamacare, and we're going to stop it."

Mr. Ryan continued: "Obamacare, as much as anything else, explains why a presidency that began with such anticipation now comes to such a disappointing close."

Senate Majority Whip Dick Durbin (D-Ill.) told Politico that Mr. Ryan's accusation of President Obama funneling $716 billion from Medicare doesn't hold much weight, as it "bought Medicare eight more years of solvency."

More Articles on Healthcare and the 2012 Election:

6 Points on What the GOP Platform Holds for Healthcare
Poll: Medicare More Important to GOP Voters Than Reform Law
Private Medicare Plans Show Signs of Cost-Control Despite Democrats' Criticism


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