we are told that these drugs will provide a 10 to 25 percent discount. There is no guarantee of that, obviously. But we are told that is likely to happen. But here is what has happened. The drug companies have raised their prices already. So as someone said earlier today, it is like going to a used car lot to buy a used car, and there is a sign on the windshield which says reduced $300. And the person buying the car does not realize, although they are buying a car that has a sign reduced $300, the day before the car dealer had upped the price by $400. That is what we are seeing here. The drug companies have dramatically increased the cost of their drugs over the last year. Even AARP has complained that drug companies have upped their price. Now these cards come along, and seniors are told you are going to get a 10 to 25 percent discount, when the prices have already gone up so far it has made any discount meaningless. I was here earlier, and I described something that obviously made some of my friends on the other side of the aisle quite upset.
Editor's note · Context
Discussing the impact of drug pricing and discounts on seniors during a floor speech.
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