Poster
03-26-2004, 11:04 AM
Richard Foster testified before a congressional panel Wednesday. He accounted that his projections showed the plan would bankrupt in 2019, but was forced to keep it quiet. His estimates forecast the costs of Medicare will skyrocket up into the trillions.
“He told a congressional panel Wednesday that a Bush administration official had threatened to fire him last summer if he revealed to Congress that his projected cost of a White House plan for revamping Medicare far exceeded the $400 billion price tag that the administration hung on the legislation.”
“Their current assessment of Medicare, for example, projects Medicare's "unfunded mandates through the infinite horizon," producing shortfalls measuring in tens of trillions of dollars. "It's our Buzz Lightyear projection: To Infinity and Beyond," Foster joked.”
To read more go to:
http://www.baltimoresun.com/news/ba...-home-headlines
“He told a congressional panel Wednesday that a Bush administration official had threatened to fire him last summer if he revealed to Congress that his projected cost of a White House plan for revamping Medicare far exceeded the $400 billion price tag that the administration hung on the legislation.”
“Their current assessment of Medicare, for example, projects Medicare's "unfunded mandates through the infinite horizon," producing shortfalls measuring in tens of trillions of dollars. "It's our Buzz Lightyear projection: To Infinity and Beyond," Foster joked.”
To read more go to:
http://www.baltimoresun.com/news/ba...-home-headlines