it is clear for anyone who reads the bill that Medicare, as an agency, does not have the authority to bargain for lower drug prices or to create its own drug benefit program. The Republican leadership in the White House and Congress insisted that this be done through private sector insurance companies. In fact, they expressly prohibited seniors from buying Medicare gap policies to cover this overwhelming cost of prescription drugs. The most telling fact that I think should be part of this debate is the Bush administration insisted that this so-called Medicare prescription drug benefit plan would not go into effect until after this election. They know, the Senator from California knows, I know, that when seniors see the situation close up and all the details, they are going to feel even worse about what Congress has done. Congress has left them vulnerable on prescription drug costs, and they are not the only ones. We are finding companies across America and families across America wrestling with the high cost of health care. What has the Bush administration done to help small businesses provide health insurance, to help families afford health insurance, to come to the rescue of 100,000 American retirees who have lost their health care benefits because of a bankruptcy court? What have they done to help these people in such dire straits? Nothing.
On the recordOctober 8, 2004
Source
govinfo.govEditor's note · Context
Discussing the limitations of Medicare in addressing prescription drug costs and the impact on seniors.
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