Shikha Dalmia, senior analyst at the Reason Foundation has the latest figures on RomneyCare, and they don’t look pretty.
“…premium increases of 12% for this year — double last year’s national average.”
“The state health-care bill for fiscal 2008-2009 is expected to touch $400 million — 85% more than originally projected.”
“Before the hike, the cheapest plan for uninsured couples in their 50s cost $8,200 annually. Now, unless government bureaucrats hand them an exemption, they might well find it cheaper to pay the penalty — up to half the price of a standard policy — than purchase insurance. That is, pay to remain uninsured. This is legalized extortion: TonySopranoCare.”
I have said many times that Mr. Romney’s healthcare plan that he signed on his way out the door in Massachusetts (billed as his “signature accomplishment” at the time) was inherently anti-competitive/anti-free market and would inevitably lead to contrived scarcities, inflated costs, and higher prices for consumers- the same things that always result from socialistic/command style systems- not to mention that inconvenient little fact that it established $50 dollars a pop abortions as a “healthcare benefit.”With all the talk about Romney being the only “economic conservative” it bears mentioning that his actual record tells a very different story.
Tom Blumer of Bizzy Blog has more
And more from CNSNews.com here