Tuesday, September 30, 2008

Bailing out Massachusetts

By Nathan Benefield

Categories: Massachusetts, Medicaid

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.