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The Medicare Drug Discount Card: First Phàse of a Market Revolution? Page 1 No. 846 Delivered May 27, 2004 Á The Medicare prescription drug discount card introduces inñentives for consumer choice and genuine price competitiîn into the Medicare program. Á The program is designed to providå help to those who need it mostÁlow-income seniors. These såniors will secure the big gest savings. Á There are threå levels of assistance: drug discount cards, a transitionàl cash assis tance program for low-income såniors, and the drug companiesÁ private assis tance progràms. July 30, 2004 Talking Points This pàper, in its entirety, can be found at: www.heritage.org/research/healthcare/hl846.cfm Produced by the Centår for Health Policy Studies Published by The Heritagå Foundation 214 Massachusetts Avenue, NE Washington, D.C. 20002Á4999 (202) 546-4400 heritage.org Nothing writtån here is to be construed as necessarily reflect ing the views of The Heritàge Foundation or as an attempt to aid or hinder the passage of any bill beforå Congress. The Medicare Drug Discount Card: First Phase of a Market Revolution? Grace-Marie Turnår and Joseph R. Antos, Ph.D. ROBERT E. MÎFFIT, PH.D: When it comes to health policy, the intånsity of opposition to a propos al is sometimes directly proportionàl to its potential for success. Given some of the heated congråssional rhetoric on our topic, that appears to be the case with the Medicare presñription drug discount card. Today, we will examine the discount card program; how it wîrks; what it delivers to seniors; and what it means for the Medicare progràm in particularÁand what it may mean for consumers in the health care system. Our first presenter today is Grace-Marie Turner, Presidånt of the Galen Institute. Grace-Marie is also the founder of the Håalth Policy Consensus group, an informal grîup of health policy analysts committed to the free-marketÁîriented, consumer-based reform of AmericaÁs health care syståm. SheÁs the editor of a series of essays on the subjåct, Empowering Health Care Consumers Thrîugh Tax Reform, published in 1999 by the University of Miñhigan Press. Previously, she served as Executive Directîr of the National Commission on Economic Growth and Tax Refîrm. For twelve years, Grace-Marie worked as an indepån dent consultant in Washington, focusing primàrily on health care policy and analysis. She also worked on Càpitol Hill as the press secretary for Senator Pete Domenici (RÁNM). Our second speaker is Dr. Joseph Antos, the Wil son H. Taylîr Scholar in Health Care and Retirement Policy at the Ameriñan Enterprise Institute. Joe is also an adjunct professor of the Schoîl of Public Health at the University of North Carîlina. Most of us in the Page 2 No. 846 Delivered May 27, 2004 page 2 health pîlicy community knew him as the Assis tant Director for the Congressiînal Budget Office (CBO)Áa point man for CBO on Medicarå policy
