Tuesday, October 20, 2009

Health Costs and History

From The Wall Street Journal today
In 1965, Congressional budgeters said that it [Medicare] would cost $12 billion in 1990. Its actual cost that year was $90 billion. Whoops. The hospitalization program alone was supposed to cost $9 billion but wound up costing $67 billion. ...a program that began at $4 billion [a year] now costs $428 billion.


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