RomneyCare by the Numbers
-According to the Beacon Hill Institute the RomneyCare plan has increased total health insurance costs by $4.3 Billion.
-The Kiaser Family Foundation recently found that Massachusetts health insurance premiums are now the highest in the nation. This has come about since the passage of RomneyCare.
-Since the passage of RomneyCare, healthcare costs paid by the state have risen until they now account for 40% of the state budget.
-According to current projections, the average median-income family will be expected to pay nearly a third of its income toward health insurance premiums by 2016.
-According to the Pioneer Institute, total spending on Uncompensated Care and Commonwealth Care has increased by 38% since the passage of RomneyCare.
-Since 2004, the average annual premium for non-group insurance nationally increased from $4,424 to $6,328 in 2009. The Massachusetts Average increased from $10,126 to 13,288 in 2009, spiking up to nearly $17,000 in 2007. RomneyCare was passed in 2006 with the partial purpose of addressing the fact that Massachusetts residents paid so much more than the rest of the country for health insurance.
-Since the passage of RomneyCare the percentage of residents with difficulty paying off their medical bills has remained essentially unchanged. Why are we paying so much more for the same results?
-According to the Beacon Hill Institute, RomneyCare is responsible for nearly 18,500 lost jobs since its passage.
-Since the passage of RomneyCare the average cost of individual coverage has increased by more than 36%
-Since the passage of RomneyCare there has been no significant reduction in Commonwealth Care administrative costs as was promised.
-Since its passage, RomneyCare has cost the Massachusetts economy $29 Million in annual private investment.
Also seen in Free Republic.