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Click on theĀ menu itemsĀ in the blue navigation area above this window. The issues/opinions section offers my detailed opinions on topics of current interest to the state and the nation. The section on "Market Ethics" provides an ethical basis for my positions on the issues.

  

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Aug16

Written by:Dan Fernandes
8/16/2004 8:00 PM

Regarding the Medicare Modernization and Prescription Drug Act of 2002 passed by our Republican congress and signed by President Bush; I do not support expansion of the welfare state into the area of prescription drug insurance. Consider these points.
 
1. Seniors are the second most affluent segment of society, but even if they were not, it is not right to single out any one group to receive special favors at the expense of others.
 
2.  The plan separates payer from recipient, which will cause an increase in the cost of drugs for everyone, by adding demand that is insulated from cost.
 
3. The plan adds another $50 billion a year in entitlement costs, at a time when our profligate congress is running half-trillion dollar annual budget deficits.
 
4. It is unconstitutional (but dare I even mention this, since all of Medicare and most of what the federal government spends money on these days is not included in it's enumerated powers).

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