Washington Post: “The White House has concluded that adding prescription drug benefits to Medicare will cost one-third more than the $400 billion advertised by Congress and the administration when President Bush signed the bill into law less than two months ago, federal sources said yesterday.”
If the President had shown any leadership on this issue, he would have traded the drug benefit for an increase in the eligibility age, which would help balance the books. The argument: drug costs have soared since Medicare was enacted, but so has the health, and lifespan, of seniors. Maybe Congressional Republicans will show leadership on this, since the president hasn’t. Okay, I almost blogged that without laughing. But someone has got to do something about the way we are spending ourselves into oblivion.
Comments are closed.