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  • Treasurer says Massachusetts-type health care will wipe out economy

    03/18/2010 12:26:19 PM PDT · by BigFinn · 19 replies · 618+ views
    myfoxboston ^ | March 17. 2010 | Joe Battenfeld
    The Massachusetts treasurer said Tuesday that Congress will "threaten to wipe out the American economy within four years" if it adopts a health care overhaul modeled after the Bay State's. Treasurer Timothy Cahill - a former Democrat running as an independent for governor - said the 2006 law has succeeded only because of huge subsidies and favorable regulatory changes from the federal government.