Friday, March 26, 2010

Quality of Care Declining? Costs Rising?

A very interesting conversation with Daniel Palestrant, MD on CNBC:

Couple that with these quotes from Timothy P. Cahill, Massachusetts state treasurer:

Massachusetts's health care program has been a fiscal train wreck.

The universal insurance coverage we adopted in 2006 was projected to cost taxpayers $88 million a year. However, since this program was adopted in 2006, our health-care costs have in total exceeded $4 BILLION.

The only reason MassCare has survived is that we have been repeatedly bailed out by the federal government. But that raises the question: Who will bail America out if we implement a similar program?

Our experience in Massachusetts tells us that [Obamacare] will burden future taxpayers with unfunded liabilities they cannot afford. Health-care inflation will continue. Mandates will increase insurance premiums. And the deficit will reach frightening levels as the law's costs greatly exceed the projections of its advocates.

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