COST OF ROMNEYCARE.
The Massachusetts plan might not have achieved universal coverage, but it has cost taxpayers a great deal of money. Originally, the plan was projected to cost $1.8 billion this year. Now it is expected to exceed those estimates by $150 million. Over the next 10 years, projections suggest that Romney-Care will cost about $2 billion more than was budgeted. And the cost to Massachusetts taxpayers could be even higher because new federal rules could deprive the state of $100 million per year in Medicaid money that the state planned to use to help finance the program.
Lessons from the Fall of RomneyCare
Mitt Romney's budget would gut Medicare, Medicaid and assistance programs
Daily Kos: Mitt Romney's budget would gut Medicare, Medicaid and assistance programs
The Massachusetts plan might not have achieved universal coverage, but it has cost taxpayers a great deal of money. Originally, the plan was projected to cost $1.8 billion this year. Now it is expected to exceed those estimates by $150 million. Over the next 10 years, projections suggest that Romney-Care will cost about $2 billion more than was budgeted. And the cost to Massachusetts taxpayers could be even higher because new federal rules could deprive the state of $100 million per year in Medicaid money that the state planned to use to help finance the program.
Lessons from the Fall of RomneyCare
Mitt Romney's budget would gut Medicare, Medicaid and assistance programs
Daily Kos: Mitt Romney's budget would gut Medicare, Medicaid and assistance programs
