I took the President’s veto threat a bit differently than some of you guys. Some Democrats are seeking to repeal the various delayed competition elements of the medivare drug package. Indeed, I think legislation has already been introduced to that effect (and one of the more pernicious aspects of delaying the competition-introducing elements of the bill is that it makes them more vulnerable because they don’t have a constituency of enrollees yet). So, when I heard the President’s line, I took it as a statement to Sens. Kennedy at all that he’ll veto any efforts to make the medicare drug package any worse than it already is. It may not be much, but it’s something.
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