RomneyCare Brings High Healthcare Costs, Calls for Price Controls

By:  Michael Tennant
06/29/2011
       
RomneyCare Brings High Healthcare Costs, Calls for Price Controls

Anyone who believes ObamaCare will mean lower healthcare costs and higher-quality healthcare has only to look to the state that has been suffering under the prototype for ObamaCare for the past five years to be disabused of such notions. Massachusetts’ healthcare costs far exceed those of other states; and now Bay State legislators and Gov. Deval Patrick (D) are resorting to the age-old, destined-to-fail approach to high costs: price controls. The result, of course, will be a shortage of quality healthcare.

Since 2006, when then-Gov. Mitt Romney (R) signed Massachusetts’ so-called universal coverage law, Bay State spending for privately insured residents has “far outpaced national growth,” according to the Boston Globe, while access to healthcare has suffered. Last year the Wall Street Journal reported that average insurance premiums in Massachusetts are the highest in the nation; small business costs have increased by 5.8 percent since RomneyCare was instituted; and per capita health spending is 27 percent higher than the national average (15 percent higher when adjusted for local wages and research grants).

Anyone who believes ObamaCare will mean lower healthcare costs and higher-quality healthcare has only to look to the state that has been suffering under the prototype for ObamaCare for the past five years to be disabused of such notions. Massachusetts’ healthcare costs far exceed those of other states; and now Bay State legislators and Gov. Deval Patrick (D) are resorting to the age-old, destined-to-fail approach to high costs: price controls. The result, of course, will be a shortage of quality healthcare.

Since 2006, when then-Gov. Mitt Romney (R) signed Massachusetts’ so-called universal coverage law, Bay State spending for privately insured residents has “far outpaced national growth,” according to the Boston Globe, while access to healthcare has suffered. Last year the Wall Street Journal reported that average insurance premiums in Massachusetts are the highest in the nation; small business costs have increased by 5.8 percent since RomneyCare was instituted; and per capita health spending is 27 percent higher than the national average (15 percent higher when adjusted for local wages and research grants).

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Photo: Mitt Romney

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