House passes GOP prescription drug bill

Thursday June 29 by Claudia bournecnn
House Republicans ignored Democratic protests and a presidential veto threat Wednesday and passed a prescription drug benefit for Medicare recipients by a vote of 217-214. The free-market oriented GOP plan would be voluntary and provide drug coverage to seniors through private insurance companies. It would offer government subsidies to assist the poor and cost $40 billion over five years. That is less than half the cost of the $100 billion Democratic plan which relies on the government-run Medicare program to provide the drug coverage.

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