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Friday, August 17, 2012

Romney will either raise taxes, or charge elderly more for Medicare

Romney is bragging about how he's going to repeal ObamaCare.  Guess what?  He's going to have to raise taxes or Medicare premiums to make up the difference.
Romney would "have to find other ways to get the cost down in the future," said economist Marilyn Moon, a former trustee overseeing Social Security and Medicare finances.

"These (Obama cuts) were all on service providers," said Moon, now director of the health program at the nonpartisan American Institutes for Research. Romney "would have three options: either cut it out of providers in a different way, ask beneficiaries to pay higher premiums in various ways, or raise taxes in order to pay for it."

Romney made his promise to restore the cuts on Tuesday at a campaign stop in Beallsville, Ohio.

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