March 22, 2004
Karl Rove for the Day, Vol. 1
From Jonathan Alter's piece for Newsweek re: the soon-to-be-forgotten Medicare deception fiasco of last week: But the most shocking deception took place in the run-up to the signing of the Medicare prescription-drug benefit on Christmas Eve...Recall how that bill squeaked through Congress only after some heads were cracked. A retiring Republican from Michigan, Rep. Nick Smith, even charges that supporters of the bill offered him a bribe in the form of financial support for the political campaign of his son. The bill was priced at the time at $400 billion over 10 years. After the deed was done (the specifics of which amounted to a huge giveaway to the pharmaceutical and health-care industries), it came out that the real cost will be at least $551.5 billion—a difference of $150-plus billion that will translate into trillions over time. Now we learn that the Bush administration knew the truth beforehand and squelched it. Rick Foster, the chief actuary for Medicare, says he was told he would be fired if he passed along the higher estimates to Congress. "I'll fire him so fast his head will spin," Thomas Scully, then head of Medicare, said last June, according to an aide who has now gone public.
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