Kennedy to expand drug coverage to $2 Trillion


iconThe Congressional Budget Office says that if Senator Kennedy expands the Medicare 'Free' Prescription Drug Program, the $395 Billion cost will probably be closer to $2 Trillion (with a T) by the second decade, reports the Washington Times.

Under the newly signed Medicare law, a senior who enrolls in the new benefit would pay $250 annual deductible and about $35 monthly in return for the government paying three-quarters of annual drug costs up to $2,250. If the senior's annual drug costs go beyond that, however, he falls into a coverage gap, during which there is no additional help from the government until drug expenses reach $5,100. Then catastrophic coverage kicks in, and the government picks up 95 percent of additional drug costs.

The bill that Mr. Kennedy and other Democrats are set to introduce today would close that drug-coverage gap, ensuring that a senior would have continuous coverage from the government.

For the record, Senator Kennedy, who is pushing to expand the Medicare bill, wants to pay for any cost overruns with a tax increase on the rich.


Category:  Fall of Western Civilization
      top   link me

(c) Ravenwood and Associates, 1990 - 2014

About Ravenwood
Libertarianism
Libertarian Quiz
Secrets o' the Universe
Email Ravenwood

reading
<Blogroll Me>
/images/buttons/ru-button-r.gif

Bitch Girls
Bogie Blog
Countertop Chronicles
DC Thornton
Dean's World
Dumb Criminals
Dustbury
Gallery Clastic
Geek with a .45
Gut Rumbles
Hokie Pundit
Joanie
Lone Star Times
Other Side of Kim
Right Wing News
Say Uncle
Scrappleface
Silflay Hraka
Smallest Minority
The Command Post
Venomous Kate
VRWC


FemmeBloggers


archives

search the universe



rings etc

Gun Blogs


rss feeds
[All Versions]
[PDA Version]
[Non-CSS Version]
XML 0.91
RSS 1.0 (blurb)
RSS 2.0 (full feed)
 

credits
Design by:

Powered by: Movable Type 3.34
Encryption by: Deltus
Hosted by: Bluehost

Ravenwood's Universe:
Established 1990

Odometer

OdometerOdometer