Prescription Drug Benefit Cost Understated By $324 Billion!
By www.menhealthonline.biz
When the legislation was passed for Bush’s prescription drug benefit in 2003, costs were said to be approximately $400 billion over the next decade. In great contradiction with this estimate, the centers for Medicaid and Medicare have admitted that costs will actually be around $724 billion.
Considering the Bush administration’s history of saying one thing and doing another, this understatement of cost comes at no surprise. The supposedly helpful benefit will, in most cases, only provide savings for people on the lowest income level; while those on mid-level incomes who spend between $2250 and $5100 on medications will pay at least a $37/month premium and a $250 deductible, with no additional savings.
The plan was designed with a “hole”
