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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)

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To: Anthony Wong who wrote (1577)	6/7/1999 12:43:00 PM
From: Anthony Wong	Read Replies (1) of 1722

Clinton Is Seeking Drug Coverage for Medicare, USA Today Says Bloomberg News June 7, 1999, 7:17 a.m. ET Washington, June 7 (Bloomberg) -- President Bill Clinton will propose offering prescription drug coverage to the nation's 39 million Medicare beneficiaries financed with a ''modest'' premium, USA Today reported, citing White House chief of staff John Podesta. The drug benefit would be ''universal and affordable,'' offering a coverage ''better than anything you could buy today in the open market,'' Podesta said on CBS's Face the Nation yesterday, the newspaper reported. The Medicare plan would be financed with a federal subsidy and a premium charged to recipients that would be significantly below the $90-a-month premium charged by private insurers, USA Today said, citing unnamed White House officials. A congressional advisory commission on Medicare recommended eliminating fees charged to health maintenance organizations to pay for informing elderly patients about their health-care choices. (USA Today 6/7 A1 www.usatoday.com)

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