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AARP President Appears Before Senate Special Committee on Aging

Rob Romasco Testifies on Medicare Part D at 10th Anniversary

FOR IMMEDIATE RELEASE:

May 22, 2013

CONTACT:

Allyson Funk

202-434-2560 | @allyfunk | media@aarp.org

AARP President Appears Before Senate Special Committee on Aging

Rob Romasco Testifies on Medicare Part D at 10th Anniversary

WASHINGTON, D.C. – Today, AARP President Rob Romasco testified before the Senate Special Committee on Aging addressing the ten-year anniversary of the Medicare Modernization Act. Joining a Medicare beneficiary, an academic researcher and an executive from the pharmaceutical industry, Mr. Romasco highlighted the importance of the Medicare Part D prescription drug program for older Americans.

“Prescription drug coverage plays a vital role in the health and financial security of older Americans,” said Romasco. “Part D has been a true success story in helping seniors get and stay healthy.”

Mr. Romasco also pointed out areas for improvement moving forward, especially as many Americans – particularly Medicare beneficiaries – still struggle to afford their prescription medications.

In its testimony, AARP urged Congress to enact legislation to strengthen Medicare by lowering costs throughout the health care system, including a specific focus on reducing drug costs, rather than adopting harmful policies that reduce coverage or simply ask older Americans to pay more.

Legislation such as the Medicare Drug Savings Act (S. 740/H.R. 1588) – which would require drug manufacturers to provide rebates for drugs provided to low-income beneficiaries dually eligible for Medicare and Medicaid as they did prior to the enactment of the Medicare Modernization Act – would save an estimated $141 billion over the next 10 years. Other cost-saving measures such as secretarial negotiating authority and reducing the market exclusivity period for brand name biologic drugs were also suggested.

“We should focus on efforts to hold down costs, not efforts that simply shift costs in the form of higher premiums or copayments for beneficiaries,” Romasco concluded. “AARP looks forward to working with members of Congress on both sides of the aisle to improve Part D and find ways to keep drug coverage affordable for people with Medicare.”

AARP has put forth a number of responsible solutions to improve care and save money in Medicare and throughout the healthcare system.

For a copy of Mr. Romasco’s testimony please contact Allyson Funk at afunk@aarp.org.

For more on AARP’s Medicare Solutions, visit EarnedASay.org.  

 

AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. We advocate for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name as well as help our members obtain discounts on a wide range of products, travel, and services.  A trusted source for lifestyle tips, news and educational information, AARP produces AARP The Magazine, the world's largest circulation magazine; AARP Bulletin; www.aarp.org; AARP TV & Radio; AARP Books; and AARP en Español, a bilingual news source.  AARP does not endorse candidates for public office or make contributions to political campaigns or candidates.  The AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Learn more at www.aarp.org.

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