Political Quotes

Bill Clinton: Well, it will take us--it takes a couple of years-- first of all, we can stabilize the plan immediately. If Congress…

On the recordJuly 22, 1999
Well, it will take us--it takes a couple of years-- first of all, we can stabilize the plan immediately. If Congress passed the law and I sign it, we'll have the funds dedicated, and we can set the framework in motion today that would do all the big things. To put the prescription drug benefit in effect, it's a complicated thing, as you might imagine, millions and millions of people involved-- it will take probably a year, maybe a little longer, 2 years, to actually start it. But where we propose to start would be with a premium of $22 a month and a copay of 50 percent up to $2,000, but it would go up to $5,000. And I think it's very important to get up to a higher level. But we have to learn to administer it and make sure we've got the cost estimates right and all of that. So it would be fully in effect at $5,000 about 5 years after we start. [Moderator Jane Aldrich asked Ms. Southwell her concerns about her own senior years. Ms. Southwell replied she had thought about it and related a conversation with her daughter-in-law on the future of Social Security.]
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Bill Clinton
Democratic · Arkansas

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