President Obama has repeatedly said that the Medicare "voucher" plan proposed by GOP vice presidential nominee Paul Ryan would raise seniors' costs by $6,400 a year. The figure comes from a study by the liberal Center on Budget and Policy Priorities, which used projections from the Congressional Budget Office to estimate out-of-pocket costs that future retirees would face under the budget Ryan proposed -- a year and a half ago. Yes, Mitt Romney endorsed that budget earlier in the campaign, but Ryan has changed his proposal significantly, and Romney has his own plan for Medicare. According to the Romney campaign, that plan would provide subsidies large enough to cover the cost of at least two different insurance plans offering at least as much coverage as traditional Medicare.
Pablo Martinez Monsivais / Associated Press
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