Republicans Say New Amendment to HCR Will Raise Medicare Drug Premiums
Republican Senator Charles Grassley today said a Democratic amendment to the health care reform bill that passed early this morning will raise prescription Medicare drug premiums.
As the prescription benefit is designed now, taxpayers cover three-fourths of the cost of the benefit, while Medicare recipients pay the remaining 25 percent.
The amendment would allow the new Medicare commission to recommend "reductions in federal premium subsidies" to the private insurance plans that deliver the prescription drug benefit. Grassley's office said the "premium subsidies" are taxpayers' share of the cost of the prescription plan. If those are reduced, the plans will make up the difference by raising premiums for seniors.
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