Guest
08-25-2009, 09:02 PM
for federal programs.....this article by David Gergen has a main thrust of warning about the deficit we are growing and China's involvement in that, but this short part of the article...
"People have long memories, and they will recall that when Medicare was passed in the mid-1960s during the LBJ years, the House Ways and Means Committee projected that Medicare would cost about $12 billion in 1990; in 1990, it reportedly cost some $107 billion.
When Washington enacted prescription drug reform in the George W. Bush years, the administration put a price tag on it of $400 billion over nine years; new estimates have projected a cost of $724 billion over nine years. More recently, Massachusetts has embraced a health reform plan that is widely hailed – and serves as a model for the national effort this year – but it, too, has far outstripped original cost estimates."
Keep this in mind as you hear cost estimates !!!
http://ac360.blogs.cnn.com/2009/08/25/deficits-why-they-threaten-health-reform-%E2%80%93-and-what-obama-might-do/
"People have long memories, and they will recall that when Medicare was passed in the mid-1960s during the LBJ years, the House Ways and Means Committee projected that Medicare would cost about $12 billion in 1990; in 1990, it reportedly cost some $107 billion.
When Washington enacted prescription drug reform in the George W. Bush years, the administration put a price tag on it of $400 billion over nine years; new estimates have projected a cost of $724 billion over nine years. More recently, Massachusetts has embraced a health reform plan that is widely hailed – and serves as a model for the national effort this year – but it, too, has far outstripped original cost estimates."
Keep this in mind as you hear cost estimates !!!
http://ac360.blogs.cnn.com/2009/08/25/deficits-why-they-threaten-health-reform-%E2%80%93-and-what-obama-might-do/