Grimes says one way to keep Medicare solvent is to negotiate prescription drug costs
08/01/2014 03:07 PM
PADUCAH — Democratic U.S. Senate candidate Alison Lundergan Grimes said the federal government must re-prioritize its spending, including renegotiating with drug companies, in order to preserve Medicare.
A report released this week found that Medicare should meet its obligations to Americans until the year 2030, according to The Hill but it’s still a dire picture.
Grimes has released ads attacking McConnell on his position on Medicare, but has said little about how to protect the program.
In Paducah Friday, Grimes told Pure Politics one way the government can shore up the Medicare program is to renegotiate the prescription drug program. That program, Medicare Part D that began in 2006 under President George W. Bush, cost about $59 billion in Fiscal Year 2013. That’s about 10 percent of federal spending on Medicaid, according to the Congressional Budget Office .
“There are ways to we could work to actually make sure to strengthen the program especially allowing us to use our prescription drug program, to renegotiate the prescription drug prices the way the V.A. is — there’s 70 percent savings right there,” Grimes said.
The Bluegrass Poll conducted by Survey USA in July and sponsored by four Kentucky media outlets showed Grimes and U.S. Sen. Mitch McConnell in a dead heat for who Kentuckians trust most to keep Medicare solvent — Grimes leads McConnell 41 to 37 percent.
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