The National Seniors Council recently attended a hearing on the rising prices of generic drugs in America, held by the Senate Committee on Health, Education, Labor and Pensions, Subcommittee on Primary Health and Aging.
“I was really alarmed at some of the testimony we heard at this hearing,” stated National Director Rob Crone. “In some instances prices for generic drugs have risen 500% in cost,” continued Crone. “These are drugs that seniors rely on to survive, literally. It’s going to be a big issue during the 114th Congress, and I know from speaking with our members that this is a battle they want the National Seniors Council to fight on their behalf.”
The outgoing Subcommittee Chairman, Senator Bernie Sanders, chaired the hearing and was very critical of the pharmaceutical industry. A panel of drug representatives and senior citizens testified for nearly two hours over what exactly Congress can do to alleviate the financial squeeze senior citizens on Social Security are feeling.
“The first thing that has to be done about generic drugs is to mandate that generic drug makers extend rebates to Medicare if the prices rise faster than the rate of inflation,” says Crone. “Senior citizens are facing tough decisions: food and electricity, or life-saving medication.”
The Social Security Trust Fund is empty, filled only with useless IOU’s, and senior citizens that have been forced to pay into Social Security for 50-60 years are the true victims. The Social Security Trust Fund that was supposed to have saved retirement for generations of seniors has been raided by the very people that were supposed to protect it. There is only one way to truly protect Social Security and hold firm on a promise that the U.S. Government made to its citizens, which is to create a lock box for the Social Security Trust Fund.
The National Seniors Council has launched a new petition drive demanding representatives in Congress stand up and protect senior citizens. Your petition tells your representative to pledge to protect you from the war on seniors being waged by the Obama Administration.
Petitions are racing in from across the country and it is clear, seniors will not allow the Obama Administration to so brazenly attack Social Security. In order to make sure Congress is on our side, your petition is imperative. All of our supporters are called upon to do their part, sign their petitions and hold their representatives accountable.
The National Seniors Council is dedicated to protecting all that you have earned. Unfortunately, the current administration is trying to take it away from you.
The National Seniors Council represented its supporters at a Congressional hearing dedicated to the issue of the changing retirement landscape for Baby Boomers. The hearing was held by the Senate Special Committee on Aging. Sadly, more Americans are retiring today with less money coming in and more going out to pay off medical bills, debt and so forth.