And more on the “example” of the Massachusetts Model from its state treasurer. This program was the precursor to Obama Care.
So let’s take what happened during it’s 4 years in practice, AND THEN MULTIPLY THE RESULTS WITH 50 TO GET A ROUGH FIGURE FOR THE WHOLE COUNTRY.
See my post Obama Care 8
MARCH 25, 2010, 7:45 P.M. ET.
Massachusetts Is Our Future
Massachusetts‘s pilot program has been a fiscal train wreck.
By TIMOTHY P. CAHILL
White House Senior Adviser David Axelrod hailed the Massachusetts health-care program as ”the template” for the national health-care reform legislation the president signed into law earlier this week. That should be cause for serious concern about this law’s ability to improve our health-care system at an affordable cost.
As state treasurer, I can speak with authority about the Massachusetts pilot program. It has been a fiscal train wreck.
The universal insurance coverage we adopted in 2006 was projected to cost taxpayers $88 million a year. However, since this program was adopted in 2006, our health-care costs have in total exceeded $4 billion. The cost of Massachusetts’ plan has blown a hole in the Commonwealth’s budget. Just last Thursday, Gov. Deval Patrick’s office announced a $294 million shortfall related to health-care costs.
If not for federal Medicaid reimbursements and commitments from Washington to prop up this plan, Massachusetts would be broke. The only reason MassCare has survived is that we have been repeatedly bailed out by the federal government. But that raises the question: Who will bail America out if we implement a similar program?
While everyone should have access to affordable health care, our experience in Massachusetts tells us that the new federal entitlement will burden future taxpayers with unfunded liabilities they cannot afford. Health-care inflation will continue. Mandates will increase insurance premiums. And the deficit will reach frightening levels as the law’s costs greatly exceed the projections of its advocates.
As lawmakers push for changes in the bill, they should start by being honest about its costs and focus on making health care more affordable without bankrupting the country.
Mr. Cahill is the state treasurer of Massachusetts. He is currently running as an independent for governor.
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