Skip to content

Health Quote by Yaron Brook

“Shortly after Medicare was passed, Americans were told it would cost $12 billion in 1990. Actual cost? $98 billion. Americans were also told that the cost of Medicaid would be less than $1 billion in 1992. Actual cost? $17 billion.” quote by Yaron Brook
Download Open image
““Shortly after Medicare was passed, Americans were told it would cost $12 billion in 1990. Actual cost? $98 billion. Americans were also told that the cost of Medicaid would be less than $1 billion in 1992. Actual cost? $17 billion.””

Yaron Brook

About This Quote

Medicare and Medicaid cost projections were vastly underestimated, revealing large fiscal gaps.

In simple terms: Cost estimates for Medicare/Medicaid were far off.

Key Takeaway

Scrutinize policy cost predictions.

Themes

public policy budgeting accountability

Mood

critical informed

Type

analytical policy

When to use this quote

  • economics
  • political analysis
  • media critique

Key Concepts

healthcare finance government planning

Questions to Reflect On

  • How can cost projections be made more accurate?
  • What safeguards prevent fiscal surprises?
4.5 out of 5 (9 ratings)

More by Yaron Brook

Explore all 23 Yaron Brook quotes

More Health quotes

Browse all 17,127 Health quotes