July 17, 2003

July 17, 2003 | WebMemo on Health Care

Medicare Malady #4: Who Really Pays for the Prescription DrugBenefit?

Not Medicare patients, that's for sure.

Medicare Trustee Tom Saving estimates that the cost of the additional obligations in the Senate Medicare bill, such as the prescription drug benefit, is equivalent to a two-thirds increase in the $3.8 trillion public debt.

Medicare Malady Cartoon
Illustration courtesy of Michael Ramirez and Copley News Service

That means the children and grandchildren of Medicare patients will pay for this open-ended entitlement in decades to come through higher taxes, lower salaries and lost dreams.

No generation, no matter how great, wants to leave that legacy behind.

For more information or to receive an e-mail version of "Medicare Maladies," e-mail medicaremaladies@heritage.org or call Heritage Media Services at (202) 675-1761.

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