Another heated exchange occurred when the American Conservative Union’s Donald Devine challenged Gingrich’s support of President George W. Bush’s prescription drug benefit.
It was my understanding that the prescription drug program was paying for itself from all those who bought the insurance and if the program started to take in less than it was spending there was a provision in the program to raise rates or review the cost. I also understand after the democrats took over the house they threw that provision out.So now it has the potential to be a big money loser if it isn’t already
According to the CBO, it has cost us about $40B to $50B a year since it was implemented.
http://www.cbo.gov/ftpdocs/121xx/doc12187/ChangesBaselineProjections.pdf