The Week in Review
Health care reform once again dominated the Senate debate. In
health committee hearings, Senator Bernie Sanders focused on a dirty
decade of massive industry fraud. He also spoke out for the need to
provide better prescription drug coverage under Medicare. On the Senate
floor, the week began with Republicans blocking a vote on a Sanders
amendment to curb rampant speculation in the crude oil markets. By
week’s end, Senate Majority Leader Reid reportedly said the issue could
resurface. At the Supreme Court, justices wound down the term with
rulings in some of the most important cases. It was a week when
newspaper front-page stories veered from coverage of street protests in
Iran to the passing of American pop icons. It was the first week of
summer, and the Vermont Lake Monsters drew crowds to a home stand
capped by Sanders taking the mound on Friday to throw out the
ceremonial first pitch.
Health Care Issues At
a Senate hearing, Sanders recited example after example of fraud
perpetrated by private insurance companies, drug companies, and
for-profit hospitals. Any serious health care reform, he said, must
deal with the way corporations have bilked consumers and taxpayers out
of billions of dollars. Meanwhile, Sanders said the high cost of
prescription drugs and the huge gap in Medicare coverage for medicine
for seniors also should be addressed in health care reform. He wants to
close the gap popularly known as the doughnut hole. “Seniors simply
cannot afford to pay the 100 percent of prescription drug costs that
occur when they spend over $2,700 a year on prescription drugs,” he
said. “In my view, Medicare must negotiate lower drug prices with the
pharmaceutical industry and use those savings to fill the doughnut
hole.” Interviewed on ABC News, Sanders said, “Iin Vermont and all of
the country, people understand that we have a dysfunctional health care
system. What the president is talking about is giving people a choice
of whether they want to stay with their own private health insurance or
if they want to go into a Medicare-like program which would be
available to all people regardless of age. Do I think all people
should have that choice? I sure do.” To read the list on health care
industry fraud cases, click here. To watch Sanders discuss health care reform with ABC News, click here.
Health Care Politics Senators
negotiating a bipartisan health care overhaul left Thursday for the
July Fourth recess without a deal. Sanders told Congressional
Quarterly that completing a comprehensive health care bill is more
important than winning bipartisan approval. “What’s more important is
delivering a product rather than sitting around holding hands.” Worried
that health care reform is falling apart, more than 130 Vermont
lawmakers urged President Obama and members of Congress to pass
meaningful changes. If the federal government is unwilling to support a
public health insurance option, Vermont House Speaker Shap Smith hoped
a proposal by Sanders allowing states to enter into a single-payer
health care model goes forward. "There is a lot of support among the
American public for this," Sanders said, "but there are also a lot of
lobbyists who are fighting this."
Oil Prices Senate Republicans on Monday blocked consideration of an amendment by
Sanders to require federal regulators to use emergency powers to curb
oil price speculation. “What are they afraid of? Who are they trying
to protect?” Sanders asked in a Senate floor speech. Sanders cited
mounting evidence that a year-long run-up in oil prices has little to
do with the fundamentals of supply and demand and everything to do with
excessive speculation by some of the same Wall Street firms that
received the largest taxpayer bailout in the history of the world.
“They're back,” he warned. “Not having caused enough damage driving our
country and much of the world into a deep recession, now they're back
into their speculation games jacking up oil prices.” Sanders is the
chief sponsor of a bill to make federal regulators use emergency powers
to prevent price manipulation. To read more, click here.
