Former Massachusetts Governor Mitt Romney's highly touted RomneyCare has cost Massachusetts some 18,000 jobs, reduced investment in the state by tens of millions, raised health care costs, and lowered per capita disposable income, according to a computer model study by the Suffolk University-based Beacon Hill Institute. RomneyCare became the model for Obama's national health care reform legislation Congress passed in 2010, including an individual mandate, tax penalties for companies that don't offer care, a health insurance exchange, and several other similar key components.
The health care law "does not exist in a vacuum," Beacon Hill Institute executive director David Tuerck wrote in a September 15 press release unveiling the computer modeling study. "The 'shared sacrifice' needed to provide universal health care includes a net loss of jobs, which is attributable to the higher costs that the measure imposed."
The study concluded that the Massachusetts health care reform (HCR) signed by Mitt Romney in 2006 has:
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Former Massachusetts Governor Mitt Romney (photo)