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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.