Mitt Romney’s Death Spiral of RomneyCare
In 2006, Governor Mitt Romney claimed that “the costs of health care will be reduced” after signing his health reform package into law on April 12th. Romney’s Remedy of “cost-effective” health care has increased Bay State health-care premiums by “108 percent higher than the U.S. average in 2006, 112.1 percent higher in 2008, and 113 percent higher in 2009 (no data is available for 2007).”
Due to the efforts of Massachusetts Governor Deval Patrick, the growth rate dropped to 109.6 percent of the national average in 2010.
Romney’s Remedy or Big-Government health care scam failed to be “cost-effective” health care. According to the NY Times, Romneycare’s “popularity has given state leaders added incentive to make it financially sustainable.”
Romney’s Remedy is “a Model for the Nation?”
“There are a lot of reasons not to elect me.” – Neocon RINO Romney
Are Romney’s RINOs singing Sweet Little Lies, You can’t disguise Romneycare?
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(1) The Death spiral or ‘Adverse Selection Spiral’ describes any insurance plan whose costs are rapidly increasing due to the adverse changes (from low-risk healthy individuals to high-risk least-healthy people) in health of the covered group.
In addition, an individual mandate (forcing people to purchase plans or face penalty like Romneycare and Obamacare to increase the risk pool) does not decrease insurance costs. Mandates only increase the moral hazard where individuals can game the system by dropping their high cost coverage and paying the individual mandate penalty since you can buy health insurance the same day for any pre-existing condition under Romneycare and Obamacare.
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Posted on April 18, 2012, in Music Monday, Political News, Political Satire, Vote Smart and tagged Barack Obama, Election 2012, GOP, Healthcare, Mitt Romney, Music Monday, ObamaCare, Obomneycare, Political News, Political Satire, President Barack Hussein Obama, Romneycare, Vote Smart, Wordpress Political Blogs. Bookmark the permalink. Leave a Comment.