Starting 2009, Medicare will increase its premium on is drug plan (or Part D) to 28 dollars monthly. The benefit was approved by the Bush Administration in 2003 as the most significant expansion of the Medicare program since its inception by President Lyndon B. Johnson. Associated Press reported that the said price hike was 37% lower than expected. Acting administrator of the U.S. Centers for Medicare and Medicaid Services Kerry Weems said that the premium increase is necessary to keep up with the increasing costs of drugs, which he has attributed attributed to several factors, one of which is the increasing number of prescriptions per person.
The Medicare has given senior citizens a source of aid for their health care needs in the past few decades. But with the current budget deficits and skyrocketing health care costs, I believe that the whole program has become more of a bane than a useful thing in the country. I do believe that the best way to bring down prices is to pull the plug on these programs. Believe me, I do not want to see old people get thrown out on the street. However, I do believe that there are better ways of taking care of our senior citizens while also being fiscally responsible. Government programs such as Medicare and even Medicaid seem to be helpful on the surface, but it is one of the prime reasons why health care prices have soared. The more we rely on these programs, the more we become dependent on the government. Free market medicine is the answer will restore fiscal sanity while also providing a wide range of health care options to everyone for a cheap price.
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