Medicare Drug Benefit Package Almost Double the Cost

Sad to say, I wasn't at all surprised to read the tab for the Medicare drug benefit passed two years ago by Congress will almost double from the original $400 billion to some $720 billion. Of course, the feds claim the numbers aren't comparable, partly because the start date of the benefit package has shifted from 2004 to 2006 and two extra years are included. To frame this underreporting in a clearer perspective, one table shows the cost of the drug benefit amounting to $345 billion...

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