Wednesday, July 16, 2008

Medicare Costs

From 1965 Advisory Council Report:



Again let us adjust the 2000 estimate for inflation, which would make the estimate contribution total from workers and employers $20.6 billion. The actual 2000 figure for is $128 billion (not including supplementary medical insurance which tacks on another $89 billion. It's not clear from the Advisory Council report whether the Supplementary insurance is included in the above estimate, but I couldn't find a separate estimate for it).

Only off by a factor of 6.

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