Jul 14, 2003
The Medicare drug bill in Congress is written to funnel our money to corporate accounts.
Medicare will collect about $420 each year from millions of people in the drug plan.
Then they will pay benefits to corporations as if they were persons with big drug bills. One banker quoted in the Detroit Free Press said GM would get around 150 million dollars a year and Ford about 50 million – to compensate them for paying drug benefits to retirees.
In other words, the big end of the funnel will collect premiums from Grandma and Grandpa, and the small end of the funnel will be stuck in these big companies' back pockets.