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Impact on Senior Citizens of Rising Drug Prices in Medicare to Be Hearing Topic

Sen. Bill Nelson will be guest chair for Special Committee on Aging hearing March 17

Sen. Bill Nelson (D-FL)March 16, 2010 – The Special Committee on Aging will convene Wednesday, March 17, for a hearing to examine the rise of prescription drug prices in America and its impact on senior citizens who participate in the Medicare Part D program. Senator Bill Nelson (D-FL) will be the acting chairman.

 

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Witnesses will offer testimony on various topics, including cost-sharing under Part D, how pharmaceutical pricing makes it difficult for Part D plans to negotiate discounts, and policy options for closing the doughnut hole and curbing escalating drug prices, according to a news release from the office of the committee chairman, Sen. Herb Kohl (D-WI)..

“Seniors Feeling the Squeeze:  Rising Drug Prices and the Part D Program,” will convene at 2:30 p.m. in Room 562, Dirksen Senate Office Building.

Among those providing testimony will be the following.

  ● Dr. Gerard Anderson, Director, Center for Hospital Finance and Management, and Professor, Johns Hopkins Bloomberg School of Public Health, Baltimore, MD

  ● John Dicken, Director, Health Care, U.S. Government Accountability Office, Washington, D.C.

  ● Greg Hamilton, pharmaceutical industry expert, Algonquin, IL

  ● Willafay McKenna, Medicare Part D beneficiary, Williamsburg, VA

  ● John Calfee, Resident Scholar, American Enterprise Institute, Washington, D.C.

The hearing can be viewed live or at a later time by a webcast. A link to the webcast can be found at the committee’s website: http://www.aging.senate.gov/

 

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