The Bush administration now says that the Medicare drug benefit will cost an estimated $720 billion between 2006 and 2015, up from the $400 billion originally estimated for the period between 2004 and 2013. In addition, a new 10-year chart prepared by the Medicare actuaries estimates that seniors' drug premiums will increase from $35 per month in 2006 to $68 in 2015 and that annual deductibles will increase from $250 to $472 during the same period.
Don't expect the government to send out another video news release to the nation's TV stations with this news.
Posted by schwitz at February 9, 2005 01:12 PM