Please insert news event here.

     The Boston Globe reported June 21, 2009, that the pharmaceutical industry agreed to spend $80 billion over the next decade to improve drug benefits for seniors on Medicare and to defray the cost of President Obama’s healthcare legislation, capping secretive negotiations involving key lawmakers and the White House. "This new coverage means affordable prices on prescription drugs when Medicare benefits don’t cover the cost of prescriptions,’’ Senator Max Baucus, chairman of the Senate Finance Committee, said in a statement announcing the accord. The deal marked a major triumph for Baucus, as well as the administration. Obama praised the deal. "The agreement by pharmaceutical companies to contribute to the health reform effort comes on the heels of the landmark pledge many health industry leaders made to me last month, when they offered to do their part to reduce health spending $2 trillion over the next decade,’’ Obama said. "We are at a turning point in America’s journey toward healthcare reform.’’ Baucus, a Montana Democrat, has been negotiating with numerous industry groups for weeks as he tries to draft legislation that meets Obama’s goal of vastly expanding health coverage, has bipartisan support, and does not add to the deficit.

View Other News

OPTIONS EXPAND FOR AFFORDABLE LONG TERM CARE
April 6, 2010

BIG PHARMA AGREES TO CUT DRUG COSTS BY $80 BILLION FOR SENIORS
June 24, 2009

SOCIAL SECURITY BENEFITS: NO "COLA" IN 2010
May 6, 2009

2009 “ELDER CONCERT” A SUCCESS- MICHAEL CONNORS CO-CHAIRED FT. LAUDERDALE CONFERENCE, PRESENTED BY ACADEMY OF FLORIDA ELDER LAW ATTORNEYS
April 24, 2009

MEDIATOR RE-CERTIFICATION ISSUED
March 24, 2009

Michael Connors Defends Right Of Husband And Wife To Make Their Own Decisions; Appeals Court Upholds Durable Power Of Attorney
March 10, 2009