Mr. Speaker, last week we learned that after extensive debate we were told that the Medicare bill would cost $400 billion to the taxpayers. We learned that the real number, and known all along, was $540 billion. Not a single benefit has…
Mr. Speaker, last week we learned that after extensive debate we were told that the Medicare bill would cost $400 billion to the taxpayers. We learned that the real number, and known all along, was $540 billion. Not a single benefit has been accrued to a senior citizen. Not a single prescription drug or reduction in cost has been accrued to a senior citizen, and yet the taxpayers are being asked to foot the bill not for $400 billion but for $540 billion.
In the last 2 months since this Congress passed the prescription drug bill, three things have happened. First, the taxpayers have been asked to pay an additional $140 billion. Second, Mr. Scully, who is over at Health and Human Services and negotiated this bill, got a huge lobbying contract and became a lobbyist. And in today's Wall Street Journal, there was an article about Delphi gets boost in new drug law where they are able to write off $500 million in costs for health care for their seniors and retirees, and yet not a single new benefit from the Medicare bill. So we have one individual becoming a lobbyist, the taxpayers getting an additional bill of $140 billion, and corporate America gets to write off more of their health care costs. Not necessarily a bad thing, but seniors have to wait until 2006 to see any benefit at all, if there is one, from this legislation.
That to me is exactly what was wrong with this bill is that we have HMOs and pharmaceutical companies getting huge dollars and huge investments of taxpayer-paid benefits, and no money, no resources towards our senior citizens.
This article talks about Delphi's benefit but Caterpillar, GM, Lucent Technologies, all with a number of their retirees who have health care plans as retirees, will now be able to accelerate the write-off on their bottom line. The Delphi article talks about them being able to accelerate a $500 million write-off, and yet no new benefit in prescription drug benefit has been delivered to a single senior citizen.
I will say one thing. The pharmaceutical industry, the insurance industry, and other special interests have surely gotten their money's worth out of this Congress, and so I applaud them for their hard work.
A number of my colleagues on the other side always talk about how they would like government to start emulating and working like a business. There was a bipartisan group that talked about how to make the government, and specifically prescription drugs, operate like a business, creating in Medicare a Sam's Club entity, 41 million seniors would be pulled together, the purchasing power of the seniors. We could save hundreds of billions of dollars by negotiating bulk prices, just like Sam's Club does, just like private insurers do. But the legislation that was passed in this Congress at the behest of the pharmaceutical industry prohibits Medicare from doing what private industry does, what Sam's Club does or private insurance companies do, what even the Veterans Administration does, negotiate on behalf of who they represent, using the leverage power of a quantity of people. In this case it would be 41 million seniors.
Another way of reducing the price and delivering the prescription drugs would be allowing people to buy their drugs in Canada and Europe, again proving we pay 40 percent more here in the United States than anywhere else in the world. People are allowed to use competition in choice to buy their medications. We would have lower prices here in the United States, save our senior citizens dollars and our taxpayers dollars, but both attempts to get the government to operate like a business, to save money, to be more efficient, wring out synergies, has been prevented.
I have found in the last 2 weeks one of the most incredible news on this legislation.
First of all, I believe if we had known the true number and not been lied to or not told the truth or denied the access to the truth, and we had been told that the number was $540 billion, the legislation never would have passed. But that information was consciously, specifically denied access in the public debate, as has been in the past for cases where the administration has refused to share information. Now we know the true number, and the taxpayers are going to be asked to pay an additional $140 billion on top of the $400 billion, and we do not have the money to do it. Yet we are asking them to do it, and not a single benefit.
Mr. Scully, nothing against that, has negotiated himself a wonderful contract to be a lobbyist on the prescription drug benefit, and companies like Delphi will now be eligible to accelerate and write down $500 million on their taxes, and yet not a single benefit has been given for seniors. Everybody sat here and talked about what we were doing for seniors, and this year the prices of prescription drugs will go up 15 percent. They are projected to go up another 15 to 18 percent the following year, and we have done nothing to affect the price.
After this type of behavior in this Congress and the actions taken by this Congress, I am surprised that anybody wonders why people are cynical about politics. We have done a great job out of this institution, taking care of the special interests. Hopefully we will return and look at this legislation and once again think about how we can
save our seniors money and our taxpayers.