In a message dated 7/31/02 11:18:21 PM, [EMAIL PROTECTED] writes:
<< William Dickens wrote: > As I understand it, the cost of the medicare program turned out to be much greater than expected, but not because congress kept changing the legislation to add more goodies. Rather treatment became increasingly more expensive. In an email discussion with me circa 1995, you mainly attributed the low-ball estimate to wishful thinking (presumably mixed in with deception?), not unforeseen technology shocks. >> Additionally, what about the impact that increasing government spending on medical care had on pushing up the market price of medical care and thus pushing up Medicare (and Medicaid )payments in a vicious cycle? David Levenstam
