Friday, February 8, 2013

ObamaCare Appetizer: RomneyCare Bill Comes Due

Here is an indicator of what we are in for:   

  • Health care was 23% of the MA state fisc in 2000
  • It was 25% in 2006 (when RomneyCare was passed) 
  • But it has climbed to 41% for 2013
  • On current trend it will roll past 50% around 2020—and that best case scenario assumes the current Governor's price controls work as planned. (They won't.) 
In real terms the state's annual health-care budget is 15% larger than it was in 2007, while transportation has plunged by 22%, public safety by 17% and education by 7%. 

Today Massachusetts spends less on roads, police and schools after adjusting for inflation than it did in 2007.