In my final episode, Wob and I discuss Medicare, one of the largest annual expenses for the federal government. Needless to say, neither of us were surprised when in came in over-budget.

Intro Song: Dance, Dance, Dance - Steve Miller Band

References:

https://www.cbo.gov/ftpdocs/93xx/doc9385/06-17-LTBO_Testimony.pdf

http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/102xx/doc10297/chapter2.5.1.shtml

https://www.healthaffairs.org/doi/pdf/10.1377/hlthaff.14.4.231

https://www.kff.org/medicare/issue-brief/the-facts-on-medicare-spending-and-financing/

https://www.dailysignal.com/2009/08/04/health-care-reform-cost-estimates-what-is-the-track-record/

https://www.politifact.com/factchecks/2017/mar/20/jack-kingston/did-cbo-exist-1964-no/

https://www.washingtontimes.com/news/2009/nov/18/health-programs-have-history-of-cost-overruns/

https://thefederalist.com/2015/07/31/medicare-medicaid-same-problems-50-years-ago/

https://www.medicareresources.org/basic-medicare-information/brief-history-of-medicare/

https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093