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The prescription drug mess.(Science And Environment)(Brief Article)

The American Enterprise

| June 01, 2004 | Lehrer, Eli | COPYRIGHT 2004 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Joseph Antos, "Don't Ask, Don't Tell," A El Health Policy Outlook, March/April 2004 (aei.org)

No matter how one looks at it, the drug benefit Congress and President Bush added to Medicare last year will cost a great deal of money. Originally estimated to cost around $400 billion between 2004 and 2013, it may end up costing nearly $550 billion. Hardly anyone is happy about the bill's cost. Republicans who hoped to rein in Medicare spending dislike the massive increases the bill will entail, and liberals realize that the expensive drug benefit will leave little money in the budget for new domestic programs.

AEI fellow Joseph Antos contends that "the actual cost will be much higher than either estimate reveals, because the drug benefit represents a permanent ...

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Source: HighBeam Research, The prescription drug mess.(Science And Environment)(Brief Article)

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