Elderly Drug Costs Increases Should come From Illegal Oil profits from Iraq
source: http://www.usatoday.com/news/health/2008-11-11-drugcosts_N.htm
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- wlwatkins
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Bush and his war mongering oil companies should be fined (when convicted)and that money giving to the elderly for prescription increases.
The truth is out of the so called "SOFA" Iraqi agreement and why Bush is trying to seal that deal before Obama gets into office.
Elderly and disabled people in Medicare prescription drug plans with the largest enrollments will pay 43% more on average in monthly premiums next year than when the drug program began in 2006, and some enrollees will see increases of as much as 329%, two analyses show.
The rising costs "are wreaking havoc on seniors' wallets and are simply not sustainable in the long run," says Rep. Henry Waxman, D-Calif., who chairs the House Committee on Oversight and Government Reform.
Overall, the Medicare drug program is costing taxpayers less than originally estimated. The government's drug spending on the program fell by 12% to $44 billion in the fiscal year that ended Sept. 30, largely from the widespread use of low-cost generic drugs. The government pays part of the drugs' costs for seniors and helps subsidize premiums for low-income people.
Still, seniors have seen their actual expenses for premiums and drug co-payments go up each year. Insurers have raised prices for many reasons, including increases to cover higher drug costs and more prescriptions filled.
The truth is out of the so called "SOFA" Iraqi agreement and why Bush is trying to seal that deal before Obama gets into office.
Elderly and disabled people in Medicare prescription drug plans with the largest enrollments will pay 43% more on average in monthly premiums next year than when the drug program began in 2006, and some enrollees will see increases of as much as 329%, two analyses show.
The rising costs "are wreaking havoc on seniors' wallets and are simply not sustainable in the long run," says Rep. Henry Waxman, D-Calif., who chairs the House Committee on Oversight and Government Reform.
Overall, the Medicare drug program is costing taxpayers less than originally estimated. The government's drug spending on the program fell by 12% to $44 billion in the fiscal year that ended Sept. 30, largely from the widespread use of low-cost generic drugs. The government pays part of the drugs' costs for seniors and helps subsidize premiums for low-income people.
Still, seniors have seen their actual expenses for premiums and drug co-payments go up each year. Insurers have raised prices for many reasons, including increases to cover higher drug costs and more prescriptions filled.
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