Let gov’t manage Part D
I am a recipient of Medicare and Part D of Medicare.
At the beginning of this year, all Part D premiums rose on an average of 16 percent, as did mine. This, I am told by the private insurance industry, is due to the Affordable Care Act and that this rate of increase will be a year-to-year rise from now on.
If this is so, then the answer to reducing the cost of Part D for seniors is to remove it from the hands of the private insurance companies and place it in the hands of a government- operated Medicare system.
This would bring down the administrative costs by about 20 percent. Since the administrative cost of Medicare is about 3 percent, this would bring my premium costs down below last year’s price. Also Congress must immediately pass a law to buy pharmaceuticals for Part D at bulk rates, as the government does for the Veterans’ hospitals.
Our elected representatives cannot repeal the Affordable Care Act. Saying that there is no political will to remove Part D from the hands of private insurance companies is not an excuse. They are obligated to create the will – that is what they were elected to do for those that elected them and for all others.
Also, they have no reason for mentioning the word socialism. Medicare is not socialism; it is care for those who need medical services.
The answer for saving Medicare is to bring in more revenue for the program – as was done in 1986 by a Republican President and a Democratic House. Cutting Medicare benefits is just a means to begin to hand Medicare over to the insurance industry.
By not removing Part D from private for profit companies, it will look like our representatives represent the pharmaceutical and insurance industry above the needs of the elderly.
Louis Anthony Mollica, Hollidaysburg