That is an issue for our children. How they are going to be able to pay for the costs of our retirement. This issue gets complicated, and I know some of the viewers across the country watching this tonight are maybe trying to decipher all of this language and sometimes we in Washington use language that is a little difficult to decipher. Let me try to give some perspective as to how different folks around the country might see this. First off, if one is retired now or soon to retire, and they have a good prescription drug benefit because they work for an employer, a government employer or a large Fortune 500 employer that provides coverage, and they are in pretty good shape, they do not need to worry about this because they are not going to be forced to buy anything they do not need. They are in good shape. If that changes at any time, we think we are going to create some products in the market that they want to avail themselves of but no one is going to force anything on them. If they are retired or disabled today and they are one of that one out of three who does not have access to a prescription drug benefit, what we are saying to them is we are going to make one available to them and one that they can afford. And we think we can do it very soon. If one is low income, if they are at that 135 to 150 percent of poverty level and they do not already qualify for Medicaid or a State-run lottery program, the Federal Government will pay all of their premium.
Editor's note · Context
Discussing prescription drug benefits for retirees and low-income individuals.
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