choice and better coverage. but there are people that disagree with that. basically, if you believe in markets, you think this is going to be a better choice for the american people at lower cost, if you don t believe in markets like mostf the democrats don t, you think the only way to get anything done is with a federal mandate, then you would say it s probably going to cost more. time will tell, but my guess is it will end up costing less, just like medicare part d did. we had these huge cost estimates for medicare part d. it came in half of what people thought it might cost. one quick question. do you have any hint when this vote might happen, if it does happen? what are people saying in the halls over there? you re not old enough to remember, but some of us remember the 50s. there was a tv show called raw hyde. i remember raw hyde.
voting against tarp, voting against the medicare part d. very difficult to do that against a member of your own party when he s president. mike pence and people like him gave that principled commitment to the people of indiana 6th congressional district at the time. he held his promises. we don t see that from everyone. i m saying but the proposal would bar somebody like mike pence from serving more than six years. it sounds like you think that s the person who should be in congress? mike pence would agree with donald trump on that. when you re there for too long, you need that fresh blood and new perspective. i wish there were more members. a few different messages to dive in there. trump being in the driver seat and term limits despite the fact that donald trump s running mate has been in his seat for at least ten years. douglas, you first because i know you already prefaced this
i want to bring in congressman john garamendi on this conversation. your thoughts on the numbers that are starting to show up on medicare and how jeb bush wants to get rid of it and privatize. i just heard some of the most outstanding misinformation i ve heard in a long long time. ed we have seen medical cost rate increases dramatically decline. they are still increases but they are about half the inflation prior to the affordable care act. medicare part d is not a private organization. that is a government program in which unfortunately the republicans in the early 2000s set up medicare part d and handed over billions and billions of dollars to the drug companies because there is no competition for the price of drugs. the federal government is simply a price taker. it cannot it cannot even negotiate the price of the drugs in medicare part d.
expenditures, that is a big chart. so in other words, they miscalculated exactly how much this was going to cost. and the affordable care act has reversed things around for medicare. but yet it is the privatization carrie. why do the republicans want to privatize everything when privatization is all about profit and not people. we know that privatization is the best way to give people the best care. we do need a safety net program for people who can t afford the private care. but take medicare part dt drug plan. it is sectored around private sector plans. part d came in under budget. can you tell me what government program came in under budget? if we expand it to medicare it could work. but carrie it is all about the cost to the consumer. and precipitation drugs. right. have gone down
but i am a private sector type of guy and my wife and i are raising our three kids less than a mile from where i grew up and if you think where washington is where value is created? we don t believe that a nebraska. the center of the world of small-town and the founders believe that everyone should think that other state because the private sector is the heart of america. john: there is nothing small town about this new expensive medicare part d. he wrote an op-ed in the u.s. news report that it is the answer to health reform. this is another exploding entitlement reform that is wealthier than you are age group and you re giving us more money? you are certainly right. we are guilty of generational theft in america and i have always opposed unfunded entitlement expansions. and i have opposed it from the