Political Quotes

Ron Johnson: “When they first started this program back in 1965, they projected out 25 years and said that by 1990 Medicare would cost…”

On the recordOctober 11, 2011
When they first started this program back in 1965, they projected out 25 years and said that by 1990 Medicare would cost $12 billion. In fact, it ended up costing $109 billion, basically nine times the original estimate.
Said by
Ron Johnson
Republican · Wisconsin

Editor's note · Context

Discussing the inaccuracies of past Medicare cost projections.

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