Capital Hill Watch
The Prescription Drug and Medicare Improvement
Act of 2003 (S.1)
vote on the Prescription Drug and Medicare Improvement Act (S. 1) (To view: Full text of legislation) is
expected this week.
At the expense of even the poorest young workers,
this entitlement program will cost according to Congressional Budget
Office (CBO) estimates $400 billion over 10 years and could subsidize
even the wealthiest of the elderly.
However, health economists indicate that the CBO estimates could
easily escalate beyond the original $400 billion by two or three times
because it is easier for providers to increase prices due to of health-care
subsidies. Furthermore, under the Prescription Drug and Medicare Improvement
Act of 2003, the CBO reports that 37 percent of all retirees with employer-based
drug coverage would lose it.
to supporters of this measure’s rhetoric, it is not reform but an expansion
of bureaucratic control over the financing and delivery of health care
services. Unfortunately, the
tragic consequence of this bill would be an increase in premiums while
unnecessarily increasing the demand for drugs.
to current Medicare reforms, it is expected (although the details are
not fixed) that a prescription drug policy would cost a retiree monthly
about $35. Key aspects of the measure are:
- A $275 deductible must be spent by an individual
prior to the start of benefits.
- From $276 to $4,500, Medicare will pay 50 percent
of the drug cost.
- From $4,501 to $5,800 coverage is not provided
for drug costs and,
- After spending exceeds $5,800 out-of-pocket expenses,
catastrophic protection will cover 90 percent of the costs.
What Can You Do?
your senators to NOT SUPPORT the Prescription
Drug and Medicare Improvement Act 2003.
Hill Switchboard Numbers: 202-225-3121 or 202-224-3121 (Those numbers
will direct you to the Capitol Hill operator. Ask for your senator's
go to your senators' websites, find their E-mail or to find out who
your senators are... http://www.senate.gov/contacting/index_by_state.cfm
Honorable (full name)
United States Senate
Washington, DC 20510
to the American Voice Institute of Public Policy Home Page