NU Online News Service, March 19, 2004, 5:41 p.m. EST – The new Medicare prescription drug benefit could cost every U.S. resident an average of $511 in taxes apiece by 2016.[@@]
Kathie Ely, an actuary in the Hartford office of Milliman USA, has published that prediction in the latest issue of a Milliman health practice newsletter.
President Bush gave birth to the new Medicare drug benefit Dec. 8, 2003, when he signed the Medicare Prescription Drug, Improvement and Modernization Act. The drug benefit provision will take effect in 2006.