The View From 1776
Monday, August 09, 2010
Obamacare Considered As Dispassionately As Possible
Will it really reduce costs of medical care? Is it, instead, pie-in-the-sky?
If it really will reduce costs, why has Massachusetts’s similar program led to punishing cost increases? According to a Wall Street Journal op-ed piece (The Failure of RomneyCare, March 16, 2010):
One third of state residents polled by Harvard researchers in a study published in “Health Affairs” in 2008 said that their health costs had gone up as a result of the 2006 reforms. A typical family of four today faces total annual health costs of nearly $13,788, the highest in the country. Per capita spending is 27% higher than the national average.