Thursday, October 15, 2009

MANDATORY HEALTH INSURANCE: LESSONS FROM MASSACHUSETTS

Subject: txt 1st hcare -
While the reform seems to have reduced the number of uninsured, it has also created incentives for costs to rise even faster:

  • Massachusetts' expenditures on its health care initiative have been discounted by 50 percent, thanks to matching funds from the federal government [I.e., your money], which has encouraged a rapid increase in state expenditures.
  • Growing burdens on businesses have meant that an increasing number are choosing to steer their employees into the state-subsidized system rather than provide health insurance themselves.

The case of Massachusetts offers cautionary lessons for the United Sates as the Obama administration seeks wide-ranging reforms that move more in the direction of mandatory health insurance...

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