- The Washington Times - Monday, June 22, 2009

UPDATED:

President Obama said Monday that the pharmaceutical industry’s agreement to help close a gap in Medicare’s drug coverage will make health care overhaul more possible.

Drug companies have pledged to spend $80 billion over the next decade to help reduce the cost of drugs for seniors and pay for a portion of Mr. Obama’s proposed revamping of health care. The deal was struck with Sen. Max Baucus, Montana Democrat and chairman of the Senate Finance Committee, as well as the White House.

The president was joined Monday in announcing the deal by Barry Rand, head of the senior-citizen advocacy group AARP. Speaking in the White House’s Roosevelt Room, Mr. Obama praised drug companies for stepping up to do their part in the reform effort.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide