Phil Gingrey: “I rise today in praise of a new Medicare part D prescription drug benefit that is available to all seniors beginning…”

“I rise today in praise of a new Medicare part D prescription drug benefit that is available to all seniors beginning January 1, 2006. This week, the Centers for Medicare and Medicaid released information on organizations offering prescription drug plans in each of our 50 States, and the opportunity for sign-up begins November 15. This announcement holds great news for seniors across America. In every State, seniors will have a choice among plan providers. In my home State of Georgia, for example, seniors will be able to choose from 18 different plans, ensuring they can find one that best suits their individual needs. Mr. Speaker, there is more good news for our seniors. Not only will they be eligible for prescription drug coverage from a range of organizations, but they will receive this benefit for less money than previously expected, in some cases, for a premium as low as $20 a month. This is the power of competition, and our seniors will benefit from it. We do not need government price controls. The free market works. Mr. Speaker, for years, our seniors have struggled with the rising cost of prescription drugs, in some cases going without medicine they need to stay healthy. With Medicare part D, seniors will be able to reap the benefits of preventive care and live longer, healthier lives. ____________________”