Bill Nelson: “my amendment would prevent a hike in Medicare premiums for our 42 million senior citizens. In the bill, doctors' fees…”

“my amendment would prevent a hike in Medicare premiums for our 42 million senior citizens. In the bill, doctors' fees are increased in their reimbursement. In my amendment, that is paid for with drug company money that would be staying the same under the existing law where the drug companies have to give discounts under the Medicaid law as they transition into Medicaid HMOs. This saves our seniors over $1 billion in increased premiums. This amendment is supported and endorsed by the AARP. I want to welcome the bipartisan support of the Senate for this amendment. The PRESIDING OFFICER. Who yields time in opposition? The Senator from Iowa.”