Romneycare Has Cost Massachusetts 18,000 Jobs
This isn’t just bad for the Romney campaign. The candidate has made much of his economic track record as governor of Massachusetts, and the fact that his signature health care legislation is a jobs killer is an inconvenient truth. But beyond that, keep in mind that Romneycare was the model for Obamacare.
Meaning that, nationally, we can no doubt expect this same economic outcome from Obamacare.
The Bay State’s controversial 2006 universal health-care plan — also known as “Romneycare” — has cost Massachusetts more than 18,000 jobs, according to an exclusive blockbuster study that could provide ammo to GOP rivals of former Gov. Mitt Romney as he touts his job-creating chops on the campaign trail.
“Mandating health insurance coverage and expanding the demand for health services without increasing supply drove up costs. Economics 101 tells us that,” said Paul Bachman, research director at Suffolk University’s Beacon Hill Institute, the conservative think tank that conducted the study. The Herald obtained an exclusive copy of the findings.
“The ‘shared sacrifice’ needed to provide universal health care includes a net loss of jobs, which is attributable to the higher costs that the measure imposed,” said David Tuerck, the institute’s executive director.
This is why Mitt Romney cannot be President.Tags: Economy, election 2012, jobs, mitt romney, obamacare, Romneycare