Posted on 04/09/2010 4:58:01 AM PDT by docbnj
This week it became impossible in Massachusetts for small businesses and individuals to buy health-care coverage after Governor Deval Patrick imposed price controls on premiums. Read on, because under ObamaCare this kind of political showdown will soon be coming to an insurance market near you.
(Excerpt) Read more at online.wsj.com ...
What would Mitt do?
The Mitt’s already hit the fan in MA.
Devil Patrick and 0bama will blame the insurance companies anyway and use it as an excuse for single-payer.
The only response the insurance companies can make short of shuttering their doors, is to reduce payment rates to health care providers.
Of course that would have effects elsewhere in the healthcare economy.
It seems as if Romney and Patrick didn’t think this thing through that thoroughly when they implemented it.
Here it comes....
Takes Mitt out of contention in 2012 IMO. Put him at the RNC yesterday and get steele out of there.
The Atlas Health Insurance Company is shrugging
Insurers should leave Mass. to its own demise. Escape while they can. Romneycare is typical of all Socialist schemes.
LOL.....not so good for that state but it means that the gov can be beaten!!!!!!!! We have to work towards that defeat since the maoist has announced that the re-election is THE most important to him.
"We are both carpetbaggers who conned them all!
Just like Pres_ _ent Obama!!!!!"
“Devil Patrick and 0bama will blame the insurance companies anyway and use it as an excuse for single-payer.”
and then instead of raising premiums they will raise taxes.
I'm afraid the answer is that he would declare victory on health care and work on his Presidential candidacy.
The cost of my grandson's individual Blue Shield/Blue Cross almost doubled from $180/month to $300. It's not just an internet rumour.
Stuff his face in a hat and have a vision, then go hunting with MLK and talk about Vietnam.
Funny thing about price controls...they NEVER work.
Brilliant campaign slogan!
So, everyone’s existing premiums are going up at the highest rate in the country. Poor, modest people are dragooned, or have their refunds seized, we still have emergency room walk ins, citizens from outside the state are paying via Washington tens, hundreds of Millions to the supposedly wealthy state of Massachusetts with it’s scheme, and now the many competitive insurance companies will flee, so that we will get only large hooked up, iron triangle political player companies, and soon Doctors and others will flee the state.
Well. That’s all an improvement! Thanks Mitt, you carpet bagging, a moral, hack, sleazy, Snake Oil salesman! Go back to ...to...Utah, or Michigan, or New Hampshire, or California...or where every your vapid hair blows you like some RINO, lefty, liberal spoor.
I think that Mitt should say we tried it because the lefty’s wouldn’t stop demagoging it, they just wouldn’t go away. We did our best to craft something in the looniest state in our union and it simply can not work. We tried. It’s over. Now lets repeal it nationally before we ruin the whole country.
Mitt’s alibi is that the health car bill passed by the legislature wasn’t the one he proposed.
Price Controls. Shortly after coming to power in AD 285, the Emperor Diocletian issued the Edict on Prices, which set maximum limits on the retail price of everything from grain and wine to shoes and even to lions. Violators of the edict faced the death penalty.
The results were three fold. In some areas where it could not be enforced, the edict was ignored. In cities, where most of the population lived, the result was a shortage. Unable to make a profit, merchants just closed their doors and the people began to go hungry. The last result was a surge in the black market, where prices shot up. The result of the Edict was that people either went hungry, or bought their food on the black market for exorbitant prices.
Diocletian’s government was forced several times to modify the Edict until AD 305 when it was repealed altogether.
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