LA Times, WSJ reported revised estimated cost of drug plan without noting earlier, lower projections

SUMMARY: The Los Angeles Times and The Wall Street Journal reported on February 3 that the revised 10-year cost estimates of President Bush's Medicare prescription drug plan were less than earlier projected -- $678 billion, as opposed to $737 billion estimated in August 2005. In fact, while they were less than August 2005 projections, they were far more than the $400 billion estimate the administration provided Congress when trying to get the votes to approve the plan.

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