Drug companies are billing the U.S. public for AT LEAST $1 trillion.

This is, without any doubt in my mind, one of the biggest scandals in the history of the United States.

This Medicare drug plan fiasco enriches pharmaceutical companies, fleeces taxpayers, and forces millions of older Americans to accept inferior drug coverage -- while doing nothing to address the real reasons prescription drugs cost so much.

The financial impact of this legislation on taxpayers cannot be overstated. Government projections that the drug program will cost $400 billion over the next decade cannot be trusted, as existing Medicare programs cost four times more than was estimated when they were created.

The likely cost is at least $1.5 trillion over 10 years, and much more in following decades as the American population grows older.

I am absolutely SHOCKED that this ever made it to national TV on Sixty Minutes.