From the Boston Globe: "Cost of health initiative up $400m"
Spending on the state's landmark health insurance initiative would rise by more than $400 million next year, representing one of the largest increases in the $28.2 billion state budget the governor proposed yesterday.Of course we will. And why shouldn't this be a cautionary lesson for those who want to expand the federal S-CHIP program to people who can well-afford private health insurance? Thanks again, Deval Patrick, for demonstrating why Massachusetts is called the Commonwealth.
The biggest driver of the cost increase is projected growth in the number of people signing up for state-subsidized insurance, which now far exceeds earlier estimates.
State and federal taxpayers are expected to bear nearly all of the additional cost.
More - Mass Backwards: "File Under: Least Shocking News Item of the Epoch"
Extra - Here's more on our governor from Hub Politics: "Deval's budget relies on imaginary money." For when raising taxes just isn't enough.
4 comments:
Like a wise man once said, you like the fiscal management of the Big Dig? Just wait until they control the health care system...
Two things:
1. It was Mitt Romney, the self-proclaimed fiscal warrior, who stood side-by-side with the MGC signed that POS bill into law.
Send your thank you notes his way.
2. It's been almost a year since my blog last went by that name.
Like a wise man once said, you like the fiscal management of the Big Dig? Just wait until they control the health care system...
Yeah, because regulation is always stupid!
That wise man now lives on the street, ever since Enron sank his investments and he lost his home to subprime loans.
Oh, please. The top Enron execs were prosecuted and sent to prison - for violating, guess what, EXISTING REGULATIONS. And, on what planet does it make sense that my tax dollars should bail out someone who took out a loan for a house he could never afford in the first place. I have as much sympathy for them as I do for the dot-com "millionaires" who bought massive McMansions, knowing that their wealth was a virtual entity scrolling on some e-trade ticker on their computer screen.
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