Friday, September 14, 2007

A Look At RomneyCare

Mitt Romney, former governor of Massachusetts and current U.S. presidential candidate, touts the healthcare initiatives that he instituted as governor, now known as Romneycare. The CATO institute has a briefing paper on "Romneycare" which it released at the end of June 2007. Written by David Hyman, it is entitled, “The Massachusetts Health Plan: The Good, the Bad, and the Ugly.”

So under this plan, and as I understand it, Massachusetts now requires that every individual purchase health insurance. You must purchase it whether you want it or not and whether you need it or not. In fact, when 2009 rolls around, the state of Massachusetts will fine those who do not have health insurance the amount of half of the cost of a health insurance policy. For most people that could mean some figure translating to roughly $1000 per year. Massachusetts has also banned insurance policies which feature any deductible totaling over $2000. If that's not bad enough, the health insurance must also feature mental health coverage.

So the Massachusetts plan is not something where the government is providing healthcare, or even telling you what providers to use, they are just mandating that you buy insurance - which is almost as bad.

But wait - here's a great editorial about it by Liz Mair.

(H/T Stephen M.)