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Ron Johnson: “When they first pass Medicare, they said it cost $12 billion…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Johnson on MSNBC

Published | Video Starts at 06:22

And so again, I would like to think that this thing is going to be, you know, actually reduce our budget. But I don't ever see where government estimates come out accurate. When they first pass, When they first pass Medicare, they said it cost $12 billion in 1990. It ended up costing $110 billion. almost 10 times the original estimate. I mean, I do not want the senator as my accountant. He says we're going to have a half a trillion dollars in the first decade. (06:22–06:29)

CLAIM

Asserts that the original cost estimate for Medicare was $12 billion, but it cost $110 billion in 1990.

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