Who wins with the new legislation that Congress passed about Medicare?
Prescription drug benefit Its most touted change is the introduction of an entitlement benefit for prescription drugs, through tax breaks and subsidies. In the years since Medicare’s creation in 1965, the role of prescription drugs in U.S. patient care has significantly increased. As new and expensive drugs have come into use, patients, particularly senior citizens for whom Medicare was designed, have found prescriptions harder to afford. The MMA, is meant to address this problem. Source: en.wikipedia.org The benefit is funded in a complex way, reflecting the diverse priorities of the lobbyists and constituencies whose support was needed: it provides a subsidy for large employers to discourage them from eliminating private prescription coverage to retired workers (a key AARP goal; the 2005 Annual Report for IBM estimates that company will receive a $400 million subsidy during the six-year period beginning in 2006);[5] it prohibits th
