Last month I joined 16 of my Senate colleagues in asking President Biden to expand Medicare in his American Families Plan. The simple truth is that millions of Americans are struggling because they cannot get the care they need. It’s imperative that we work to lower the Medicare eligibility age, expand Medicare benefits to include hearing, dental, and vision care, implement a cap on out-of-pocket expenses, and negotiate lower drug prices. In doing so, we can substantially improve the lives of older Americans throughout our country. Learn more about how urgent this fight is in this video, and hear from a Vermonter who is struggling to afford the hearing, dental, and vision care they need here.
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To expand Medicare, we must also take on the greed of the pharmaceutical industry. We know that the pharmaceutical industry is ripping off the American people. A recent U.S. Government Accountability Office report that I commissioned found that the U.S. pays two to four times more for prescription drugs than other nations. By allowing Medicare to negotiate with pharmaceutical companies, we can significantly decrease drug prices and use the savings to expand Medicare. The Congressional Budget Office has estimated that allowing this negotiation could save Medicare at least $456 billion and increase revenue by at least $45 billion over the next decade.
We can no longer tolerate this: it is time to take on the pharmaceutical industry and expand Medicare.
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