Political Quotes

Frank Pallone: Less well known is the likelihood that the drug coverage will actually become worse with each passing year. The…

On the recordFebruary 3, 2004
Less well known is the likelihood that the drug coverage will actually become worse with each passing year. The premiums, deductibles and out-of-pocket expenditures will all increase rapidly, tied to increases in per capita drug expenditures under Medicare. By 2013, for example, the out-of-pocket spending required before a person qualifies for catastrophic coverage will probably be $6,400, well above the $3,000 required in the first year. That could be devastating for those struggling to survive on these benefits. It is built into the bill, but it keeps going up.
Said by
Frank Pallone
Democratic · New Jersey

Editor's note · Context

Discussing concerns about Medicare drug coverage during a floor speech.

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