Study: Romney Healthcare Plan Cost Mass. Dearly

Thursday, 15 Sep 2011 09:54 AM

By Greg McDonald

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Former Massachusetts Gov. Mitt Romney’s controversial healthcare plan has cost the state more than 18,000 jobs and has driven up insurance costs by $4.3 billion, according to a new study reported in the Boston Herald Thursday.

The study conducted by Suffolk University’s Beacon Hill Institute, a conservative think tank, also found “Romneycare” slowed the growth of personal income by $76 per person and reduced investments in the state by more $25 million.

The study findings, the Herald reported, “could provide ammo” to Romney’s GOP rivals for the 2012 Republican presidential nomination “as he touts his job-creating chops on the campaign trail.”

“Mandating health insurance coverage and expanding the demand for health services without increasing supply drove up costs. Economics 101 tells us that,” the institute’s research director, Paul Bachman, told the Herald, which obtained an exclusive copy of the study’s findings.

“The ‘shared sacrifice’ needed to provide universal health care includes a net loss of jobs, which is attributable to the higher costs that the measure imposed,” added David Tuerck, the institute’s executive director.
Bachman, who said Romney “was a little naïve about what would become of the law” passed in 2006, warned that President Barack Obama’s healthcare plan is likely to lead to job losses and higher insurance costs as well.  

“This is what happened in Massachusetts, and this is what can be expected from the national healthcare act,” Bachman told the Herald, noting that the Massachusetts healthcare overhaul was a template for Obama’s reform plan.

He predicted Obamacare would drive up healthcare costs $77.5 billion and cost the nation about 950,000 jobs.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved