SENIORS: NOW YOU CAN DECIDE FOR YOURSELF WHICH PRESCRIPTION DRUG PLAN WOULD SAVE YOU MORE MONEY

Jun 28, 2002
Press Release

Washington, DC - Late Thursday night and into Friday morning, the House of Representatives voted on a Republican bill that subsidizes insurance companies and does not guarantee specific benefits to seniors who need prescription drugs. The bill passed 221 to 208. The Republicans debated their bill without allowing Democrats to propose any amendments or substitutes. Seniors can check to see how much money they would have saved with the Democratic plan versus the Republican plan by accessing

"The Republican bill passed tonight does nothing to bring down the cost of prescription drugs. It is irresponsible and outrageous that the Republicans refused to allow Democrats to present a plan which would have given seniors real relief from the staggering prices of prescription drugs," said Congresswoman Maloney in a statement today.

Drug Savings Calculator

BACKGROUND:

The Democratic plan, which was never brought to the floor, was built upon a proven model - Medicare. Just like seniors pay a Part B premium today for doctor visits, under the Democratic plan, seniors would pay a voluntary Part D premium of $25 per month for drug coverage. Medicare or the government will pay 80% of drug costs after a $100 deductible. And NO senior will have to pay more than $2,000 in costs per year.

The most recent data indicates that almost 40% of seniors - an estimated 11 million - have no drug coverage. The Republican plan does nothing to bring down the cost of prescription drugs. The Democratic plan is the only plan that provided real Medicare prescription drug coverage for our seniors by stopping soaring drug costs.

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