Pelosi Statement on Medicare Prescription Drug Bill
Speaker Nancy Pelosi released the following statement this afternoon after Senate Republicans blocked the Medicare prescription drug bill today:
"The American people lost and the special interests won today after Senate Republicans blocked the Medicare prescription drug bill.
"The Senate vote occurred on the same day that Families USA issued a new report finding that drug prices are going up despite the repeated assertions by the Bush Administration that Medicare Part D is bringing drug prices down. The report finds that for the top 15 drugs prescribed for seniors, the median Medicare Part D price has skyrocketed in the last year, growing by 9.2 percent -- almost four times the inflation rate of 2.4 percent.
"The vast majority of the American people support Medicare negotiating authority to lower drug prices, as does majorities in both Houses of Congress, but obstructionist Republicans have decided to filibuster this critical legislation. Democrats will keep fighting until this bill is signed into law and seniors and people with disabilities have access to affordable prescription drugs."