Senior Citizens Certain to See Lower Priced Drugs with Democrat Wins
Senior Journal.com, November 8th, 2006
The results from yesterday's
election showing Democrats gaining control of the House of
Representatives and close to control of the Senate signals major changes
ahead that directly impact senior citizens. First, the price of
prescription drugs is going to go down. And this was the final nail in
the coffin that contains the private accounts proposed by President Bush
for Social Security. "Tonight we have made history; now let us make
progress," said House Democratic leader Nancy Pelosi, who is now
destined to be the first female Speaker of the House and most powerful
woman in the history of the U.S. government.
"After a lifetime of hard work, America's seniors
have earned their right to a dignified retirement. Their monthly payroll
contributions to Medicare and Social Security have served as a down
payment toward a secure retirement. Unfortunately, Republican policies
have undermined this security," charged Pelosi.
"First," she says, "the Republican majority enacted
a prescription drug program that does more to increase profits for big
pharmaceutical companies than it does to lower prescription drug costs
for seniors. Then, President Bush and House Republicans pursued a risky
Social Security privatization plan that would have slashed guaranteed
benefits and drained trillions of dollars from Social Security."
Pelosi says Democrats fought against Social
Security privatization, and are now working to fix the flaws in the
Republican prescription drug program.
Read more of this Article.