The New York Times > National > New White House Estimate Lifts Drug Benefit Cost to $720 Billion
WASHINGTON, Feb. 8 - The Bush administration offered a new estimate of the cost of the Medicare drug benefit on Tuesday, saying it would cost $720 billion in the next 10 years.

That is much more than the $400 billion Congress assumed when it passed legislation creating the benefit in late 2003.

But administration officials said the numbers were not comparable. The original estimate was for the years 2004 to 2013. The new estimate covers the period from 2006, when the drug benefit becomes available, to 2015.

So, by shifting the estimate two years it changes it by $320 billion dollars? Why wasn't that information provided before passage of the bill, hmmmm?

Passage of the Medicare bill was a major political achievement for President Bush and the Republican leaders of Congress. It squeaked through the House by a vote of 220 to 215, and it would probably not have been approved in its current form if lawmakers had thought the cost would exceed a half-trillion dollars.

Mr. Emanuel said: "The new cost estimate destroys the credibility of the Bush administration. Officials were so far off in estimating the cost of the Medicare law. Why should we believe what they say about the financial problems of Social Security?"

Representative Pete Stark of California, the senior Democrat on the Ways and Means Subcommittee on Health, said: "I told you so. We can't trust numbers provided by administration officials. They'll say anything to get a bill passed. And if the new drug benefit costs more, the extra money goes to their friends in the pharmaceutical industry, not to senior citizens."

Are we seeing the pattern here, kids? Didn't they say the same thing about the war? Shouldn't this give you a clue about what his "piratization" of SS will cost?