My understanding is that in order to be a part of the Vice President's plan of receiving prescription drug coverage, one must pay a $50 premium per month, or new tax, in order to be involved in the system. You have one choice, one chance to get in or you are left out. So you are putting pressure on seniors at whatever age. Then, when you average in what an average senior consumes today in prescription drugs, it is very little if any benefit at all.
Rod Grams: “My understanding is that in order to be a part of the Vice President's plan of receiving prescription drug coverage, one…”
Editor's note · Context
Discussing the implications of the Vice President's prescription drug coverage plan for seniors.
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I am not opposed to a surcharge or a prescription charge but a charge that is going to assume a new $600-per-year additional tax or cost on our seniors while providing very little in benefit that would overcome that cost.
It would cover 100 percent of everything over a $25 copay and a $150-a-month deductible for those who are in that income level or above.
We have tried, but we have not had it scored yet and have not been able to get the numbers, but some of the projections we have say it will be under $40 billion a year, not the 258 or 253 the Vice President is talking about.
Not to belabor this debate, and it is good we are talking about it because the American people need to hear it, but over that amount of money you are talking about, we would still have a $25 copay, the $150 deductible, and then no cap at…





