[Will88]

Here is confirmation of a fact I'd often remembered in general, but not the exact details. It should give us all great confidence in our governments ability to project the cost of major programs such as Obamacare.

The cost of Medicare is a good place to begin. At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly "conservative" estimate. But in 1990 Medicare actually cost $107 billion

. The Medicare Monster

[Right Wing Assault]

That link isn’t working.

The cost of Medicare is a good place to begin. At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly “conservative” estimate. But in 1990 Medicare actually cost $107 billion

http://reason.com/archives/1993/01/01/the-medicare-monster