Myth: Yesterday’s Washington Post story (p A1), headlined “Medicare Drug Benefit May Cost $1.2 Trillion,” is simply wrong. The article says “the White House released budget figures yesterday indicating that the new Medicare prescription drug benefit will cost more than $1.2 trillion in the coming decade, a much higher price tag than President Bush suggested when he narrowly won passage of the law in late 2003.” This statement in the first paragraph of the story is flat wrong. Here are the Facts: In 2003, President Bush committed to spending $400 billion over the next 10 years (2004 to 2013) to modernize Medicare and...