A part of the story not mentioned here is the fact that we are now seeing some
of the effects of portions of the Affordable Care Act beginning to kick in.
That act, so often derided as "Obamacare" is actually beginning to spur
competition between companies. That competition is beginning to produce not
only lower fees, but better policy coverage.When I first obtained
Part D coverage several years ago, I had to pay a monthly premium of about $89
for it. Each year, the premium went up. Just after hearing that it would
increase to $109 per month, I received an ad from AARP telling me of a Part D
plan that had ZERO monthly premium.At the meeting with the
plan's salesmen, the big question was how they could do that? The
explanation was simple: We who were of age to take advantage of the plan had
already paid our premiums throughout our working lives. The government was
actually paying them now from money we had deposited. The $109 we
were going to pay was really an ADMINISTRATIVE FEE charged by the companies. In
other words, they were gouging us for pure profit. ACA is great!
Every cent spent by Medicare part D is pure debt, because the Bush
administration refused to create a funding mechanism for it. Sorry one old man,
but no senior ever paid a penny for their drug coverage. No politician who voted
for Medicare part D should ever be allowed to refer to themselves as a
"fiscal conservative" ever again.
Roland, if you will check, you will find that Part D funding is coming from
Social Security funds.I agree, Bush's creation of Part D was
just one more of his dishonest tricks. But we seniors HAVE paid our
premiums.However, there is still hope out there that the foolishness
of Bush will be replaced by the wisdom behind ACA.
Part D has litrally been a life-saver for my wife! With end-stage renal
failure, it has allowed us to afford the humongus pharmacy costs! As much as it
has helped, it could have been much better if the Govt. was allowed to negotiate
drug prices as is private enterprise, but that is not at this time an option due
to the efforts of the Repubs. in congress fighting to protect the interests of
the big drug companies. Does the name Sen. Tommy Thompson ring a bell? It
makes me laugh whenever I hear the right spout their diatribe about reigning in
entitlements and lowering costs! Hypocrycy at its finest!
Another communistic, socialistic, "takers" plot to deprive all Americans
born and unborn of their freedoms!Right?