The NICE Act creates a comprehensive prescription drug program that will make essential medications more affordable for all Seniors. The bill will helps Seniors pay for all prescription needs at their local drug store. Under the NICE Act, Seniors have the right to either keep their existing coverage or participate in the NICE program.
Enrollment is completely voluntary.
A Seniors should not forgo basic life necessities such as food or heating fuel in order to pay for their medicine. A Access to prescription drugs can mean the difference between life and death, or between health and chronic disease for elderly Americans. As a result, millions of Seniors must pay high retail prices for drugs or limit their drug use. Under the bill, every Senior who chooses to enroll would receive a financial benefit from for their prescription drug coverage through Medicare. The NICE Act will be phased in over several years, is funded primarily from the on-budget surplus.