FactChecking Obama’s Budget Speech

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Factcheck.org:

Summary

President Barack Obama misrepresented the House Republicans’ budget plan at times and exaggerated its impact on U.S. residents during an April 13 speech on deficit reduction.

Obama claimed the Republicans’ "Path to Prosperity" plan would cause "up to 50 million Americans … to lose their health insurance.” But that worst-case figure is based in part on speculation and assumptions.

He said the GOP plan would replace Medicare with "a voucher program that leaves seniors at the mercy of the insurance industry." That’s an exaggeration. Nothing would change for those 55 and older. Those younger would get federal subsidies to buy private insurance from a Medicare exchange set up by the government.