OMB: Bush’s Medicare PlanClick to learn more.
OMB has come out with new estimates in regards to Bush’s Medicare plan, stating that the program could cost an additional $42 billion over the next 10 years due to the Medical Modernization Act, the new prescription drug law. The new total for the President’s Medicare plan could reach as much as $576 billion over 10 years.
"We're in deep trouble," said Robert Hayes, president of the Medicare Rights Center, as he examined a Medicare chart belatedly released by the administration.
“But administration officials over the weekend strongly disputed that the chart indicates that the drug program's projected cost has been increased by $42 billion.”