March 24, 2010

Healthcare Reform Costs

“When Medicare was first proposed back in 1966, it cost 3 billion dollars per year, and the projection was for inflation-adjusted annual costs to rise to 12 billion dollars by 1990. The actual cost in 1990 was 107 billion dollars, and the 2009 estimate is a staggering 408 billion dollars!”

in The

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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