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President hits Romney with new Medicare study

Obama is drawing new attention to Medicare in the important battleground of Florida, taking on his Republican challenger Mitt Romney on an issue that has been more favorable to Democrats.

world Updated: Sep 09, 2012 23:56 IST

Obama is drawing new attention to Medicare in the important battleground of Florida, taking on his Republican challenger Mitt Romney on an issue that has been more favorable to Democrats.

Campaigning for a second day in Florida, where older voters and workers approaching retirement hold sway, Obama on Sunday was expected to highlight a study by a Democratic leaning group that concluded that on average a man or woman retiring at age 65 in 2023, would have to pay $59,500 more for health care over the length of their retirement under Romney's plan.

The numbers are even higher for younger Americans who retire later, the study found. A person who qualifies for Medicare 2030 — today's 48-year-old — would see an increase of $124,600 in Medicare costs over their retirement period.