Ftcr: Bush Admininstration Drug Benefit May Result in Loss of Employer Sponsored Coverage
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Summary
SANTA MONICA, Calif., July 14 /U.S. Newswire/ -- New data released by the U.S. Department of Health and Human Services suggests that one third of retirees with employer-sponsored prescription drug benefits will lose that coverage as a result of the Bush Administration's new Medicare prescription drug law. The Foundation for Taxpayer and Consumer Rights (FTCR) called on President Bush and the presumptive democratic presidential candidate Senator John Kerry (D-MA) to support changes to the law that would allow the Medicare drug program to bulk-purchase more affordable prescription drugs.
The Bush Administration-supported Medicare drug law specifically banned the program from negotiating bulk discounts with pharmaceutical companies, thereby guaranteeing a financial windfall for pharmaceutical companies and forcing seniors to pay for over- priced prescriptions.See the full content of this document
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Ftcr: Bush Admininstration Drug Benefit May Result in Loss of Employer Sponsored Coverage
"President Bush and Senator Kerry must commit to fix the new Medicare law to ensure that seniors are able to affor...
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