Claim: President Obama "funneled" $716 billion out of Medicare "at the expense of the elderly."
Fact-check: Paul Ryan said President Obama "funneled" $716 billion out of Medicare "at the expense of the elderly."
Verdict: barely-true
Organisation: PolitiFact
Author: Angie Drobnic Holan
Date published: 2012-08-30T00:00:00