spacer

Three Way News

Your Source. For everything. Really.

Contributors

Current Poll

Best comic strip?

  • Bloom County
  • Boondocks
  • Calvin and Hobbes
  • Dilbert
  • Doonesbury
  • Far Side
  • Foxtrot
  • Get Fuzzy
  • Life in Hell
  • Peanuts
  • Pearls Before Swine
  • Pogo
  • Zippy the Pinhead
  
Free polls from Pollhost.com

Recurring features

Hammer's Favorites

Jambo's Favories

Friday, February 03, 2006

It costs less than we thought you thought it would

Posted by: Hammer / 9:18 AM

Kevin Drum takes down the official spin on the Medicare prescription drug plan. The administration says we're 10% under budget. Of course, that's 62% over budget from what we were told when the bill passed. It's also 8-10% over the costs HHS expected at the time. Those are the expected costs that the administration barred the HHS chief actuary from testifying about.

The savings is based on one month of operations in which few people have signed up and those who have signed up have had difficulty filling prescriptions. Oh, and let's not forget that states like California expect to pay an extra $150 million to cover costs. The savings, then, is based on one month of low participation wtih the states picking up a part of the tab and is compared to a third budget estimate, released in 2005, which was 16-20% higher than any previous estimate.

That, my friends, is how the Bush administration calculates savings.

0 Comments:

Post a Comment

<< Home

Blogroll

Special Feeds

Fun with Google

Search Tools

Technorati

Google

3WN WWW

Prior posts

  • All about who?
  • Blind hatred
  • When they came for Anubis I said nothing. When th...
  • Oh, God, a threat from the AFA
  • Hey, look at me! I'm 20a!
  • What passes for fact
  • Out of focus: Rowley's satiric misstep
  • People with expensive things shouldn't go chucking...
  • Sorting truth from fiction
  • Archives

    • Gone for now

    This page is powered by Blogger. Isn't yours? Site Meter Get Firefox!