Today’s WSJ has a rather negative article on the state of our state’s universal health insurance program.
Before everyone at BMG has a cow just because it was the WSJ that leveled this criticism, perhaps you can read the (free) op ed piece and comment on some of the metrics reported.
Yes, yes, I know it’s on the Op Ed page, but I’m hoping you’ll address the facts. Are they accurate? Here are some important ones:
The WSJ further reports that Patrick may consider capping premiums? Did I read that right? Insurers already pay $1.12 in benefits for every $1.00 in premium collected.
How will capping premiums not create health care service shortages? At what point do insurers simply fold up shop?
Is not having 15% higher relative costs for health care than other states, after adjusting for the higher wages and salaries and other cost of living factors, a disincentive for employers to expand or relocate to MA?
I’m not adverse to our state’s universal health coverage, from a practical point of view (though certainly I am philosophically,) but if the WSJ report is true, how is any of this sustainable?