On the recordJuly 30, 2002
Our amendment has a simple objective. It is to bring Medicare into the 21st century by providing for it what virtually every private health insurance plan has--coverage of prescription drugs. When Medicare was established in 1965, prescription drugs were a relatively minor part of a comprehensive health care program. In fact, it is surprising to know that in 1965 the average senior American spent $65 a year on prescription drugs. That number has increased 35 times to over $2,100 as the average amount that senior Americans are spending this year on prescription drugs. Our objective is to provide a modern Medicare Program by providing a critical missing element from the current program.
Source
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