Putting the health care debate in historical perspective

imagesC-SPAN ran an interesting program on LBJ and the creation of Medicare. If you have some time — about an hour-and-a-half — listen to these tapes.

Certainly any piece of legislation as comprehensive as Medicare, or the health reform bills currently in Congress, is subject to tense, and contentious, negotiations.

But if we are able to expand insurance to more than 30 million Americans this bill will be studied for generations as a great legislative feat.

One Comment

  1. IBXer

    January 7, 2010 at 10:58 am

    The CBO projected that Medicare would cost $10 billion by 1990 when it was being debated and made into law. The actual cost was $112 billion in 1990.

    If history is any indication, we can expect the healthcare legislation that is now being considered to cost somewhere around $31.36 trillion over the next 20 years based on CBO estimates.