MA Health Connector Already $150-$400 Million in the Red
As predicted here, the “fabulous” MA Health Connector is already exceeding its original cost projections:
The Massachusetts plan might not have achieved universal coverage, but it has cost taxpayers a great deal of money. It was originally projected to cost $1.8 billion in 2008, but it is now expected to exceed those estimates by $150 million to $400 million. Over the next decade, projections suggest that RomneyCare will cost $2-$4 billion more than was budgeted.
Anybody with a rudimentary understanding of economics could have foreseen this debacle. I’m also willing to bet the $2-$4 billion long-term shortfall is low too. Hold on to your wallets MA taxpayers because there’s turbulence ahead as this white elephant continues to spiral out of control.
Archived in: Health Care, MassachusettsJanuary 31, 2008 at 1:56 pm | Trackback
4 comments
all the more reason for me to get off my ass and start looking for a job elsewhere. and with McCain and Hillary in the front, my job search is expanding abroad, i kid you not.
I cannot figure out why you moved to that liberal zoo. Not when you could have moved out west and been a cowboy!
Next will be something akin to the old soviet emigration tax when you try to leave. Look that one up!
VW: Next will be something akin to the old soviet emigration tax when you try to leave. Look that one up!
Op Pat: Silly, VW. Even when you vote with your feet, MA won’t miss the opportunity to put its hand in your pocket one final time. If you’re selling a house, the seller pays a deed excise tax of $2.28 for every $500 minus the mortgage.
I’m just amazed that breathing is still free of excise taxes.
the only reason i moved here is because this where i had to go for my promotion. there are jobs in Massachusetts… of course now i know why (’cause as you say, people vote with their feet).
i’ll have to sell the clothes off my back on my way across the border. and if they try to take anything else off my naked body, it’ll be a fart just as i make my last step over the line.
I want a job in Colorado, where I can bring my shotgun with me (it’s still in NY because I’m not allowed to bring it here). I won’t be happy unless i have to carry bear protection every time i go out to my mailbox.