Detailed text transcripts for TV channel - MSNBC - 20120404:07:24:00
Medicare because a lot of people will take a whammy here. are the numbers correct? we heard everything from 5 to $7,000 in reduction of benefits if it's put in place. is that right? >> i think it's important to say ryan backed off on his original plans. he used to have it at the growth of inflation but now it's gdp. it would cut the long term spending of medicare. i don't know about 5 to 7,000. the president's april budget proposal, his deficit reduction proposal has the same growth. he gets it by going at providers and trying to get at value base insurance design. ryan passes more costs onto ...