Thursday, February 10, 2005

Medicare Drug Benefit Surprise??

As I covered before CNN reports that our lawmakers are surprised by the cost of the prescription drug benefit they rushed to bestow upon us before last year's elections. But why are they surprised? Is this simply this week's invent-a-scandal? Shortly after the bill was passed the Washington Times reported that the cost of this program would exceed 1 trillion dollars in the second ten years of the program, and that the cost could go as high as 2 trillion dollars if all the gaps were filled in future legislation. Maybe our friends in Washington don't read the local papers. Maybe we could all chip in for a subscription so they don't have to wait for the White House to report the news to them. At least there is some good news, Viagra has made the list of drugs to be covered by the plan. There is something to look forward to in our old age!

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