JAMES ROGAN: Rx Drug Benefit Plan Gives Seniors a Choice
The Republican-backed Medicare Rx 2000 Act would provide prescription drug coverage for seniors by providing a choice between their current plan or "public-private coverage," Rep. James Rogan (R) writes in a Los Angeles Times column. Under the bill, the government would subsidize the provision of drug benefits through private insurers. According to Rogan, the private coverage option would guarantee the following:
- A standard benefit that would cover 50% of a beneficiary's drug costs up to $2,350 annually for a $250 deductible;
- Full coverage if a recipient spends more than $6,000 a year, at a monthly premium of $39;
- Full coverage for seniors at or below 135% of the poverty level, a provision that "will provide a vital safety net for thousands of seniors on fixed incomes."