HunterCA
Posts: 2343
Joined: 6/21/2007 Status: offline
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quote:
ORIGINAL: MasterJaguar01 quote:
ORIGINAL: HunterCA http://www.cnn.com/2003/ALLPOLITICS/12/08/elec04.medicare/ quote:
Opponents of the legislation warned that seniors would demand that Congress revisit the issue once they realized what the bill does and does not do. High on the list of things not covered in the bill is a mechanism to stem rising prescription drug costs. Sen. Dianne Feinstein, D-California, who supported the bill, said the lapse was a "major weakness in this bill." "The theory is that private sector competition will drive down the cost of drugs," Feinstein said last month upon the bill's passage. "That may happen, or it may not happen. We need to watch that, and we will. I feel confident that the leadership will make changes if the cost containment is not kept." quote:
Medicare Part D is one of the few government-created programs that has consistently cost less than the Congressional Budget Office’s (CBO) original estimates. Every fall, seniors get to choose from a variety of plans for their drug coverage. Pharmaceutical companies, pharmaceutical benefit managers (PBM), and pharmacies know this and they compete vigorously for seniors’ business. A PBM is a third party administrator of prescription drug plans (Well-known PBMs are Catamaran, CVSCaremark, Express Scripts, Humana Pharmacy Solutions and USScript). PBMs negotiate drug prices, establish formularies, process, and pay prescription drug claims in private insurance, as well as Medicare. This robust competition among private sector entities is the major reason that Medicare Part D costs less than originally anticipated; rather than employing heavy-handed government edicts or price controls, market forces keep prices low and satisfaction high. So, why would the Centers for Medicare and Medicaid Services (CMS) suddenly move to “fix something that ain’t broke”? http://cagw.org/media/wastewatcher/showdown-medicare-part-d-corral quote:
Not only has Medicare Part D cost less, it receives a high satisfaction rating from beneficiaries. According to a September 2013 survey conducted by KRC Research, 92 percent of seniors are satisfied, with 58 percent being very satisfied with their drug plan. But practically since its inception, big-government proponents have attempted to interfere with Medicare Part D’s success. The free market is anathema to many government bureaucrats and their allies in Congress, who cling to the notion that all evidence to the contrary, government will perform better than the private sector and that government officials know better than consumers what constitutes a good deal. Nope, sorry. Most "D's" voted no. http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=114&session=1&vote=00204 Hunter, what is the point of your post? That Medicare Part D was a great idea? And yes. Most D's voted no. Good for them! What are you trying to say with all of these quotes? Actually, what I meant to say and didn't include with my post is that im seeing stuff that says it's made things cheaper. But, I'd like your input on that aspect. I was actually being nice MJ and going to ask for your point of view.
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