Issue: Medicaid

Obama: The president's health reform law includes the expansion of Medicaid, but the Supreme Court ruled in June that the federal government can't penalize states for refusing to do so. Nearly a dozen governors say they are considering not expanding their programs, and some might seek greater flexibility in return for participating.

Romney: Romney wants to replace the current Medicaid funding system, which gives the Centers for Medicare & Medicaid Services a considerable amount of control over states' Medicaid programs, with a block grant program. The program would provide each state with an amount equal to what the state received from the federal government last year, plus an inflation adjustment, plus an additional 1 percent increase, he said.“Don't have the federal government tell everybody what kind of training programs they have to have and what kind of Medicaid they have to have,” Romney said in the first of the three 2012 presidential debates Oct. 3. “Let states do this. And, if a state gets in trouble, we can step in and see if we can find a way to help them.”

Issue: Nationwide reform

Obama: This one's simple. It's full-steam ahead for the Patient Protection and Affordable Care Act under President Obama. The law has already gone through a lot in just a couple years. After being signed into law in 2010, the law has undergone numerous threats of repeals from Republicans and survived a Supreme Court case this past June. Many of the law's provisions have gone into effect already, but most of the heavy hitters wait until the start of 2014, including the individual mandate and the implementation of state exchanges.

Poll after poll confirm Americans are still torn on how they feel about the health reform law, but with time, more seem to be getting used to the idea. The PPACA was touted as a way to expand health coverage and contain costs. Its main provisions include: the requirement that all Americans obtain health coverage, a marked expansion of the Medicaid program, the creation of health insurance exchanges, and many consumer protections, including the ban of pre-existing conditions exclusions from insurance companies.

Romney: He has been adamant about saying he'll work to repeal the PPACA on his first day in office, though many say that's a hard task to do. Instead of national reform, Romney instead believes states should come up with alternatives that meet their own needs. But still Romney favors some of PPACA's popular provisions. He said in September that “there are a number of things that I like in health care reform that I'm going to put in place.”

Those include two popular PPACA provisions: allowing young adults under 26 to keep their coverage under their parents' health-insurance, and making sure that those with pre-existing conditions can get coverage.

He has cited his popular Massachusetts health care overhaul as an example of what states can do. His 2006 health care law requires almost all residents to have coverage or pay a tax penalty, and mandates that most employers offer insurance to their workers. It also established a health insurance exchange. The Kaiser Family Foundation found that his legislation cut the number of uninsured in Massachusetts in half. 

Issue: Medicare

Obama: The president rejects Republican proposals that would turn the government program into a voucher system. He says that the PPACA will rein in Medicare spending. The law is expected to reduce Medicare spending by $716 billion over 10 years by cutting back on payments to providers and Medicare Advantage plans. Most recent polling shows Obama and the Democrats have the edge on the Medicare debate.

Romney: He supports turning the program into a “premium support” program that would give seniors a fixed payment to buy private insurance or a government plan similar to what currently exists.