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May 27

The Truth About the Medicare Drug Discount Card

Location: The Heritage Foundation's Lehrman Auditorium

What is the truth about the Medicare Drug Discount Card? It goes into effect next month. Yet some members of Congress are criticizing it, even before it gets off the ground. They say it is confusing, and that the savings from the drug discounts will be minimal. But initial research findings project an average savings of 17.4 percent over current retail drug prices. And for poor seniors, the program provides for a $600 annual subsidy for drug purchases, reducing out of pocket drug costs even more. Should the program, now set to end in 2006, be made permanent? Is it a better deal for seniors than the Medicare entitlement, scheduled to replace it? Can seniors really save money? Can it control Medicare drug costs? Can it be improved? Can its price transparency serve as the foundation for a real consumer revolution in health care, expanding personal freedom and control for the Baby Boomers?

More About the Speakers

Joseph Antos, Ph.D.
The Wilson H. Taylor Scholar in
Health Care and Retirement Policy,
American Enterprise Institute
(View PowerPoint Presentation)

Grace-Marie Turner

President, The Galen Institute
(View PowerPoint Presentation)

Hosted By

Robert E. Moffit, Ph.D. Robert E. Moffit, Ph.D.

Senior Fellow Read More