On the recordMarch 29, 2004
I hear my friends on the other side of the aisle talk about the Medicare bill. This was a bill that the President told us cost $400 billion. Yet people in the department who were not allowed to tell Congress had told the White House it would cost $550 billion. That is the first part of the credibility gap. The second part of the credibility gap is that the President said this was a bill to help America's seniors, when in fact this bill will mean $139 billion more in drug company profits, $46 billion in direct subsidies from taxpayers, from all of us, directly to the insurance industry. This bill was written in the Oval Office, this Medicare law, by the drug industry and by the insurance industry while the President and the Vice President stood by and tried to pretend that it was for American seniors. That is the credibility gap this President and this Vice President have. We should have passed a prescription drug benefit for Medicare beneficiaries, not for the drug companies, not for the insurance companies.
Source
govinfo.gov




