as the conference for a Medicare prescription drug benefit gets under way, we are reminded how difficult this compromise will be and that the bills in both the House and the other Chamber will leave many seniors with many high prescription drug costs. We have a bipartisan bill with the gentleman from Minnesota (Mr. Gutknecht), the gentlewoman from Missouri (Mrs. Emerson) and myself, other Republicans and Democrats from both sides of the aisle, people who do not usually see issues alike and come together, but find a common set of values in this legislation that opens up the market on prescription drugs to Canada and other, European countries. Through competition, we would lower prices, and the truth is for all too long the elderly and the American families in our country, in our districts, have been subsidizing the poor, starving French and German and Swiss and English and Canadians who have artificially low prices. And we have been charged overwhelmingly; we pay in this country top, premium prices for prescription drugs. What I want to do and what this legislation would call for in a bipartisan fashion would open up the market. We have a closed market now.
Editor's note · Context
Discussing the challenges of Medicare prescription drug benefit legislation.
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