Just when it seemed like health care reform was DOA.
AARP stepped into the operating room with some life saving advocacy.
Today, the Obama Administration announced a landmark $80 Billion deal with the pharmaceutical industry that was brokered by AARP.
Obama announces agreement with drug companies
Rx Drug deal valid if Congress overhauls health care
This is good news for all seniors including "my father" who have been struggling with the high cost of prescription drugs for far too long.
What is Medicare?
Definition: A federal program for the elderly and disabled, regardless of financial status. It is not necessary, as with Medicaid, for Medicare recipients to be poor. A U.S. health insurance program for people aged 65 and over, for persons eligible for social security disability payments for two years or longer, and for certain workers and their dependents who need kidney transplantation or dialysis.
Monies from payroll taxes and premiums from beneficiaries are deposited in special trust funds for use in meeting the expenses incurred by the insured. It consists of two separate but coordinated programs: hospital insurance (Part A) and supplementary medical insurance (Part B) - and a separate drug coverage program administered by the private sector (Part D). Medicare covers more than 16% of population.
It is the largest insurance program or health plan in the U.S.
