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Costly medicine. (Society).

The American Enterprise

| December 01, 2002 | Lehrer, Eli | COPYRIGHT 2002 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Joseph Antos and Grace-Marie Turner, "What Congress Should do About Prescription Drugs for Seniors," AEI on the Issues, September 2002 (aei.org)

The U.S. Senate and House are struggling to agree on a workable proposal for helping senior citizens pay for medications through Medicare--the national health insurance program for the elderly. Joseph Antos, an AEI fellow, and Grace-Marie Turner, who heads the Galen Institute, put forward their own proposal--Prescription Drug Security (PDS)--as an alternative to the wide range of bills circulating on the House and Senate floors.

Under PDS, low-income beneficiaries would receive a debit card--in effect a voucher--allowing them to purchase up to $600 worth of prescription drugs per year. Wealthier Medicare beneficiaries would buy their own debit cards, an expense they could deduct from their taxes. Catastrophic insurance ...

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