Bush defends Medicare drug plan
This is from MarketWatch:
Text of President Bush’s radio address for Feb. 11, 2006
THE PRESIDENT: Good morning. Today I want to talk to you about the new Medicare prescription drug coverage that went into effect on January 1st of this year.
When I came into office, I found a Medicare system that was antiquated and not meeting the needs of America’s seniors. The system would pay tens of thousands of dollars for a surgery, but not a few hundred dollars for the prescription drugs that could have prevented the surgery in the first place. So working with Congress, we passed critical legislation that modernizes Medicare, provides seniors with more choices, and gives seniors better access to the prescription drugs they need.
Since the program went into effect six weeks ago, more than 24 million people with Medicare now have prescription drug coverage, and hundreds of thousands more are enrolling each week. The competition in the prescription drug market has been stronger than expected and is lowering costs for taxpayers and seniors alike. This year, the Federal government will spend 20 percent less overall on the Medicare drug benefit than projected just last July. The average premium that seniors pay is a third less than had been expected — just $25 per month, instead of $37 per month. And the typical senior will end up spending about half of what they used to spend on prescription drugs each year.
Despite early challenges, the results so far are clear: The new Medicare prescription drug plan is a good deal for seniors. If you’re a Medicare recipient and have not yet signed up for prescription drug coverage, I encourage you to review your options and choose the plan that is right for you. Americans who have parents on Medicare should encourage and help them to sign up. Citizen groups, faith-based organizations, health professionals, and pharmacies across America are working to help answer questions. Seniors can also get information 24 hours a day by calling 1-800-MEDICARE or by visiting the official Medicare website at Medicare.gov.
Prescription drug coverage under Medicare has been available for just a few weeks, but its benefits will last for decades to come. I was proud to sign this Medicare reform into law. And because we acted, millions of American seniors are now saving money, getting the life-saving drugs they need, and receiving the modern health care they deserve.
Thank you for listening
President Bush’s radio address has answered many of the questions about the new Medicare reforms and hopefully will convince many of the seniors questioning the new system to sign up for the benefits they deserve.