Mitt Romney, The Elderly | featured news

New polling by Reuters/Ipsos indicates that during the past two weeks - since just after the Democratic National Convention - support for Romney among Americans age 60 and older has crumbled, from a 20-point lead over Democratic President Barack Obama to less than 4 points.

It has been a central campaign promise from Mitt Romney: His Medicare overhaul plan would not touch benefits for anyone older than 55. That may not, however, be the case with the Republican presidential nominee’s other health-care proposals. A growing body of research suggests that his plans to repeal the Affordable Care Act and cut Medicaid funding would have a direct impact on the health care that seniors receive.

“So here is the bottom line: My plan saves money in Medicare by cracking down on fraud and waste and insurance company subsidies. And their plan makes seniors pay more so they can give another tax cut to millionaires and billionaires.”

GOP presidential candidate Mitt Romney's new promise to restore the Medicare cuts made by President Barack Obama's health care overhaul law could backfire if he's elected. The reason: Obama's cuts also extended the life of Medicare's giant trust fund. By repealing them, Romney would move the program's insolvency eight years closer, toward the end of what would be his first term in office.

In an interview on “CBS This Morning,” Romney was asked how he squared his running mate’s plan to cut spending on the popular healthcare program for the elderly with his criticism of President Obama for making the same reductions.