Medicare Drug Benefit May Cost $1.2 Trillion
Estimate Dwarfs Bush's Original Price Tag
The White House released budget figures yesterday indicating that the new Medicare prescription drug benefit will cost more than $1.2 trillion in the coming decade, a much higher price tag than President Bush suggested when he narrowly won passage of the law in late 2003.
The projections represent the most complete picture to date of how much the program will cost after it begins next year. The expense of the new drug benefit has been a source of ...
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