RomneyCare

What Will ObamaCare Look Like

[4 updates at the bottom of this post as of 8:08am CST]

If ObamaCare somehow passes through Congress and signed by President Obama, what can Americans look forward to?

Well the Republican Party’s very own potential presidential candidate Mitt Romney did just that as governor of Massachusetts, passing universal health coverage for the entire state.

The results are mixed at best, and scary at worst.

Here are some highlights from the op-ed titled Romneycare model a dud in the Boston Herald by Michael Graham where Massachusetts is “already glowing in the radioactive haze of Romneycare, aka “ObamaCare: The Beta Version.” [emphases mine]:

Shouldn’t Obama have been bragging yesterday about bringing the benefits of Bay State reform to all of America?

As we prepare to wander into this coming nuclear winter of hyper-partisan politics – one in which we’re almost certain to see widespread political fatalities among congressional Democrats – I have to ask: If bringing Massachusetts-style “universal coverage” to America is worth this terrible price, why doesn’t Obama at least mention us once in awhile?

Maybe he thinks of us as the Manhattan Project of medical insurance reform. Too top secret to discuss. More likely, it has something to do with the nightmare results of this government-run debacle. Here are a few “highlights” of the current status of the Obamacare experiment in Massachusetts:

It’s exploding the budget: Our “universal” health insurance scheme is already $47 million over budget [imagine it in trillions for American tax-payers] for 2010. Romneycare will cost taxpayers more than $900 million next year alone.

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Did Health Care Reform Help Massachusetts?

Ezra Klein has a post up trumpeting a new paper from MIT economist Jon Gruber which purports to show that Massachusetts significantly reduced individual health care premiums through its 2006 health care reform bill — which in many ways was similar to the Democratic proposals currently moving forward in congress. (Needless to say, this would be contrary to what most people who have actually experienced health care in Mass., even this liberal speech writer, have experienced.) However, looking at all the findings is key:

In their December 2007 report, AHIP reported that the average single premium at the end of 2006 for a nongroup product in the United States was $2,613. In a report issued just this week, AHIP found that the average single premium in mid-2009 was $2,985, or a 14 percent increase. That same report presents results for the nongroup markets in a set of states. One of those states is Massachusetts, which passed health-care reform similar to the one contemplated at the federal level in mid-2006. The major aspects of this reform took place in 2007, notably the introduction of large subsidies for low-income populations, a merged nongroup and small group insurance market, and a mandate on individuals to purchase health insurance. And the results have been an enormous reduction in the cost of nongroup insurance in the state: The average individual premium in the state fell from $8,537 at the end of 2006 to $5,143 in mid-2009, a 40 percent reduction, while the rest of the nation was seeing a 14 percent increase.

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