According to the Office of Management and Budget - when Medicare was signed into law by President Johnson in 1965 it was projected that the annual cost of Medicare in 1990 (25 years in the future) would be $12 billion.
Just a short decade later (1975) the actual cost of Medicare was $13 billion.
By the time 1990 rolled-around the cost had risen to $98 billion - more than 8 times as large as the original 1965 forecast.
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