Chuck Hagel: This measure will not strengthen Medicare
BY CHUCK HAGEL
The writer, a Republican, is Nebraska's senior U.S. senator.
I voted against the Medicare reform bill because it will not strengthen Medicare and does not responsibly address the need for prescription drug coverage. It will add trillions of dollars onto Medicare's current $13.5 trillion in unfunded liabilities for future generations.
I voted against this for reasons different from those of many of my Democratic colleagues.
Yes, it does contain some good things, like realistic Medicare reimbursement formulas for rural hospitals and physicians, preventive health care measures and means testing. For $400 billion over 10 years and an additional $7 trillion of unfunded liabilities, it should!
This started as a prescription drug plan for seniors. We need to add such a plan. But it must be an honest, responsible plan that can be paid for and sustained by the next generation. This bill became a payoff to special interest groups involved in Medicare reform.
It expressly prohibits the federal government from negotiating drug prices for Medicare beneficiaries, even though the government negotiates prices for other Medicare services. Who wins here?
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