On Monday, November 9, 2009, financial analyst Charles Goyette was on Coast to Coast AM.
In the third hour of the program, at 21:28, he stated that when Medicare was introduced in 1965, it was estimated to cost $9 billion by 1990. Instead, he said, it actually cost $67 billion by then — a 744% underestimation.
Do you trust the cost estimates of any of the current federal health care reform bills to be any more accurate this time around?
THERE WAS NO CBO IN 1965!!
And no one is predicting what costs will be in 25 years.
[...] and unsustainable government health plans, such as Medicare, which, as I previously documented, cost 744% more by 1990 than previously estimated at its inception, in [...]
and http://www.ronpaulforums.com/showthread.php?t=219222
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