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Politics : Vote Bush out - here are the reasons why -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (286)9/14/2004 2:52:32 PM
From: one_less  Read Replies (1) | Respond to of 383
 
What have I been less than honest about?



To: American Spirit who wrote (286)9/14/2004 3:39:30 PM
From: JakeStraw  Respond to of 383
 
Gee unAmerican KerryKisser funny how YOU omit any mention of the nearly $400 billion in benefits contained in the bill -- the largest expansion of the Medicare program since its inception in Lyndon Johnson’s administration.

Indeed, most seniors stand to gain a good deal financially from the measure. According to the nonpartisan Kaiser Family Foundation, the average drug bill for seniors is expected to be $3,160 in the year 2006, when the new drug benefit will go into effect. The new benefit will pay more than half of that, and even after deducting an estimated $35 per month in premiums to purchase the coverage, seniors with that average drug bill will be $1,080 ahead.

For those with very large drug bills the new benefit provides catastrophic coverage that pays 95% of all drug costs above $5,100. To see exactly how much the measure would be worth to a beneficiary with any given drug bill, the Kaiser Family Foundation has provided a nifty calculator here .

For low-income seniors the new measure is even more generous. Lower premiums, deductibles and co-pays apply for those with few assets and income below 150% of the official poverty level (or currently $18,180 for a married couple). For those with few assets and income below 135% of poverty (or currently $16,362 for a married couple) there will be no premiums or deductibles, and co-payments will be $2 for each generic prescription and $5 for brand-name drugs.