Posts Tagged ‘underestimation’

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?

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