Massachusetts: A Preview of Obamacare

Scary, but easily predicted.

Massachusetts's Health-Care Program Offers a Preview of Barack Obama's Universal Health-Care Plan - WSJ.com: "They're trying to manage the huge costs of the subsidized middle-class insurance program that is gradually swallowing the state budget. The program provides low- or no-cost coverage to about 165,000 residents, or three-fifths of the newly insured, and is budgeted at $880 million for 2010, a 7.3% single-year increase that is likely to be optimistic. The state's overall costs on health programs have increased by 42% (!) since 2006. Like gamblers doubling down on their losses, Democrats have already hiked the fines for people who don't obtain insurance under the 'individual mandate,' already increased business penalties, taxed insurers and hospitals, raised premiums, and pumped up the state tobacco levy. That's still not enough money."