Tuesday, June 21, 2011

It ain't looking Good for RomneyCare

When you try to reduce healthcare costs by government price fixing the result is ALWAYS higher prices. ObamaCare and RomneyCare are doomed to failure. See below also.

Private payer health spending in Massachusetts outpaced national health care spending and spending by Medicare and MassHealth (Medicaid).

Faster growth in spending by private payers was largely the result of increasing prices.

Growth in Medicare and MassHealth spending predominately reflected increases in service use, rather than growth in prices.

Conclusion: Health care spending continues to outpace inflation, wage growth, and other measures of economic growth in Massachusetts.