Feb 09, 2005
Nancy Johnson’s “Rounding Error” Costs Taxpayers Additional $800 Billion
Feb 9, 2005
Nancy Johnson's "Rounding Error" Costs Taxpayers Additional $800 Billion
Yesterday, the chief administrator of Medicare said the prescription drug benefit Rep. Nancy Johnson (CT) voted to pass in the last Congress will cost $800 billion more than Johnson claimed it would. The drug benefit is now estimated to cost $1.2 trillion in the coming decade. [Washington Post, 2/9/05]
But last year, Johnson, the Chairwoman of the Ways & Means Health Subcommittee, said the benefit would only cost $400 billion:
"I am pleased that the President has proposed historic funding levels to enhance our homeland security and to strengthen Medicare with a $400 billion plan that adds prescription drug, preventive and chronic care benefits." [Rep. Johnson press release, 2/3/03]
"Connecticut taxpayers are finally learning the true cost of Congresswoman Johnson's Medicare prescription bill. This bad bill will cost taxpayers and seniors $800 billion more over the next decade, but does nothing to lower outrageous drug prices. Clearly, Congresswoman Johnson owes taxpayers in Waterbury, New Britain and across the country an explanation since they will be paying the bill for decades to come," said DCCC Chairman Rahm Emanuel (IL).