Monday, January 28, 2008

Massachusetts Healthcare Plan Costs Skyrocket

Romney better learn his lesson on Government Health Care and learn it quick.

(CNSNews.com) - According to recent reports, the cost of Massachusetts' health insurance mandate will rise 85 percent, or $400 million, in 2009. Former Massachusetts Gov. Mitt Romney (R), meanwhile, has been on the presidential campaign trail praising the program he put into place.

According to The Boston Globe, the cost increase is largely due to an increase in the number of people signing up for state-subsidized health insurance. State and federal taxpayers are likely to shoulder the cost increase.

"Essentially, the people who signed up under the mandate were the people who were getting subsidies," said Michael Tanner, director of health and welfare studies at the libertarian Cato Institute.

No comments: