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View Diary: Obama in weekly address: Republicans do indeed want to effectively end Medicare as we know it (58 comments)

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  •  In Other Words... (0+ / 0-)

    In other words, the GOPers want to outsource Medicare.

    •  Part D of Medicare (prescription drugs) (0+ / 0-)

      is entirely provided by private insurance companies. The federal government is prohibited from  offering a similar service to Medicare beneficiaries.

      Each company negotiates its discounts with the drug companies and passes on whatever of that discount they wish to beneficiaries. Again, the law prohibits the federal government from negotiating discounts with the drug companies which is why they are so profitable and why drugs are so expensive.

      Part D was  a conservative wet dream. It also over promises and under performs, with no significant oversight and with little significant competition to hold prices down. The drug companies providing branded drugs are monopolists doing what monopolies happily do - stealing money from customers. Live long enough and don't get military retirement and you will be one of their suckers - uh, customers.

      The US Supreme Court has by its actions and rhetoric has ceased to be legitimate. Whiskey Tango Foxtrot - over

      by Rick B on Sat Aug 25, 2012 at 08:54:56 AM PDT

      [ Parent ]

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