Saturday, January 28, 2006
Rep. Waxman Suspects Skullduggery in New Medicare Drug Plan
Democratic Rep. Waxman of California suspects political skullduggery may have been involved in the Republican Medicare drug benefit plan.
A veteran Democratic lawmaker requested an investigation into how much profit drug companies are set to make from poorer patients covered under the new Medicare drug benefit.Rep. Henry A. Waxman (Calif.) asked the investigative arm of Congress to look into whether the transfer of low-income patients to the new program "will likely result in a multibillion-dollar windfall for drug manufacturers."
"This transfer is enriching the pharmaceutical industry because drug prices under the new Medicare drug benefit appear to be significantly higher than the prices previously paid by Medicaid," Waxman wrote the Government Accountability Office.
The Medicare drug plan's abuse of low-income Americans seems to me to be yet another example of the greediest stealing from the most vulnerable.
Hopefully Waxman manages to stick it to them. But we all know which party is currently calling the shots.
