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An Arm and a Leg

Congress fixed (a piece of) Medicare. It only took a few decades.

An Arm and a Leg

An Arm and a Leg

Documentary, Health & Fitness, Medicine, Society & Culture

4.81.1K Ratings

🗓️ 8 September 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

Lots of seniors have to pay many thousands of dollars for drugs—even tens of thousands—or do without life-saving medicine. That’s finally going to change.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, on the afternoon of Sunday, August 7th, Stacey just had seen it was sitting

0:05.2

alone in her office at Vanderbilt University, where she's a professor of health policy,

0:09.7

watching C-SPAN and crying.

0:12.2

The question is on passage of HR 5376 as amended.

0:16.5

I asked for the yeas and nays.

0:18.6

Is there sufficient second?

0:21.4

There appears to be the clerk will call the roll.

0:23.2

The U.S. Senate was voting on the inflation reduction act.

0:26.0

Mrs. Blackburn, Mr. Blumenthal, Mr. Bond, Mr. Bond.

0:28.7

Which, among other things, lots of other things.

0:31.4

It's going to make it so people on Medicare will pay less for really expensive drugs.

0:36.9

The yeas are 50, the nays are 50.

0:39.3

The Senate being equally divided.

0:41.5

The vice president votes in the affirmative, and the bill as amended is passed.

0:47.5

There are a bunch of drug provisions in this new law.

0:51.1

And the one that's gotten the most attention is probably one that gives Medicare the right

0:54.8

to negotiate the price it pays for certain expensive drugs.

0:57.8

And that doesn't get in for a few years.

1:00.2

But maybe a bigger deal, and sooner, by 2025, nobody on Medicare will have to pay more

1:07.1

than $2,000 a year for prescription drugs, which is a huge deal.

1:12.5

It is the main reason that Stacey Ducicino was crying as she watched the Senate take

1:17.0

that vote, because lots of people pay more than that now, more than a million people

...

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