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The House and Senate each deliberately ignored the Joint EconomicCommittee's sober warning when passing different versions ofMedicare legislation (H.R. 1 and S. 1), providing a universal drugentitlement: That entitlement will massively disrupt, one way oranother, existing private drug coverage for millions of seniors,particularly the drug coverage provided by employer plans.
Millions of American seniors have worked hard their entire lives in the belief that they would receive health insurance benefits, including coverage for prescription drugs, from their employer after retirement. But if Congress does create a universal Medicare drug entitlement based on bills now before a House-Senate conference, the retiree drug coverage many seniors were promised by their employers will be in peril.
Federal, state, and local policy mistakes unnecessarily increase the cost of living for the average American household by $4,440 per year.