
Health Issues | |
Subsidy For Prescription Drugs Termed Unwarranted |
Vice President Al Gore proposes to have Medicare pay for senior citizens' prescription drugs at a cost of $255 billion for the first decade. He would have the federal government give Medicare beneficiaries up to $5,000 a year for the drugs -- and force pharmaceutical firms to offer them at deep discounts. Aside from formidable ethical and economic nightmares lurking in that plan, studies show that nearly all seniors are able to satisfy their prescription drug bills.
As critics point out, surely some among that 6 percent were rich retirees, while most were in the middle-income range -- with only a minority having lower incomes. Source: John J. DiIulio Jr., "A Handout for Everyone," Weekly Standard, July 24, 2000. For more on Medicare http://www.ncpa.org/pi/health/hedex7.html |