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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 ...