Massachusetts Health Care is Bankrupting the State, National Health Care Could Bankrupt the Country. by The Elephant’s Child
March 16, 2010, 10:44 pm
Filed under: Democrat Corruption, Economy, Health Care, Taxes | Tags: Massachusetts Health Care, The Economy, Tim Cahill
Massachusetts Care was supposed to be the model for national health care. It has not, however, worked out so well. After only 3 years, Massachusetts health insurance premiums are the highest in the nation. Governor Deval Patrick has called for price controls. Doctors have fled the state. And state treasurer Tim Cahill says the universal health care law is bankrupting Massachusetts, and will do the same thing nationally if Congress passes a similar plan to cover far more people.

Massachusetts state treasurer Tim Cahill recently left the Democrat Party to run for governor as an independent.

State Treasurer Timothy P. Cahill, an independent candidate for governor, today offered a wide-ranging and scathing criticism of the state’s universal health care law, saying it is bankrupting Massachusetts and will do the same nationally, if a similar plan is passed in Congress.

“If President Obama and the Democrats repeat the mistake of the health insurance reform here in Massachusetts on a national level, they will threaten to wipe out the American economy within four years,” Cahill said in a press conference in his office.

Echoing criticism leveled by Congressional Republicans in recent weeks, Cahill said, “It is time for the president, the Democratic leadership, to go back to the drawing board and come up with a new plan that does not threaten to bankrupt this country.”

Cahill said that health care costs have increased by $4.2 billion over what they were spending previously, and income has declined. “We haven’t done anything about driving down costs,” Cahill said. “We haven’t helped small business. We haven’t changed the way we pay for health care and the way we deliver it.”