Romney Uses Whiteboard to Explain Medicare Plan

Mitt Romney used a whiteboard to compare his Medicare plan to Obama's.
3:00 | 08/16/12

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Transcript for Romney Uses Whiteboard to Explain Medicare Plan
I know there's an effort by some people to try -- bring as much confusion to the topic of Medicare as possible. But I want to bring as much clarity as possible so I prepared a small chart here. Which will describe differences in our respective plans for Medicare. First with regards to seniors those are people who were today 55 years of age and older today's seniors -- for will my plan. Presents no. Change. The plan stays the same. No adjustments no changes no savings. The president's plan. Cuts Medicare. Excuse me. Analyses and rest -- -- by 716. Billion dollars. Cut. In addition the trustees of Medicare. Estimate that approximately four million. People. Will lose. Their coverage under Medicare Advantage this is the plan they've chosen. -- -- they prefer some four million current seniors will lose their Medicare Advantage plan. And finally. The Medicare. Actuary. Estimates that 15%. Of hospitals and nursing homes will stop taking Medicare patients. So this is the president's plan. 716. Billion dollars cut. Four million people losing Medicare Advantage and 15% of hospitals and nursing homes not accepting Medicare patients. Than the president's plan has a dramatic impact on today's seniors people 55 years of age and older. Now there's another topic which is -- caught the next generation. The generation after today's seniors generations -- that today seniors. And of the president's plan this goes bankrupt. The Medicare trustees have notified the president. That the plan will go bankrupt Medicare -- today in approximately twelve years. Under the plan that I propose to. Is solvent. So the differences and our Medicare perspective could not be more stark and dramatic and I think is that people. As the S seniors in America understand what the president's plan is doing the Medicare. They're gonna find it unacceptable and we're gonna get a lot of support from people understand that Medicare should be protected. Four current seniors as well as for the next generation.

This transcript has been automatically generated and may not be 100% accurate.

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