Detailed text transcripts for TV channel - MSNBC - 20120820:06:13:00
Let me start with the president's approach and i want to put it up on the screen for our viewers. the president wants to leave the program in place the way it is. it's a defined benefit program. he does already pass under the health care law will reduce payments to hospitals, to health care providers, and private insurers to the tune of $716 billion. you've heard that figure a lot this week. and he claims that he would extend the solvency of medicare eight years until 2024. here is the romney approach as we understand it so far. beginning not until 2023, to change the program. he would offer p...