PolicyBlog has moved!

Thank you for visiting, PolicyBlog has a new address.

Our new location is http://www.commonwealthfoundation.org/policyblog

Please adjust your bookmarks. Archived posts will remain here for now.


Tuesday, September 30, 2008

Bailing Out Massachusetts

The Foundry Blog of the Heritage Foundation has discovered that the federal government will "bail out" Massachusetts troubled health care plan (e.g. RomneyCare) with a $4.2 billion increase (to $21 billion) in Medicaid funding for Massachusetts.

The program had dramatically exceeded its projected costs and is not delivering the effect of universal coverage proponents had hoped for (even though that is an ill-conceived goal).

Oh, and remember how proponents of extended government insurance claim it will actually save money by reducing uncompensated care passed on to taxpayers (i.e. through Medicaid).  Yeah, that didn't happen either.

No comments: