Maybe They’re Better Now at Estimating….

by Don Boudreaux on March 3, 2010

in Health

Factoid of the day – this one from the David Harsanyi of the Denver Post:

Remember that Congress estimated Medicare’s cost at $12 billion for 1990 (adjusted for inflation) when the program kicked off in 1965.  Medicare cost $107 billion in 1990 and is quickly approaching $500 billion.


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