New Study: Romneycare Cost Massachusetts 18,000 Jobs
For Mitt Romney, who’s been campaigning on his ability to create jobs, this study from the conservative Beacon Hill Institute can’t be welcome. From the Boston Herald:
The Beacon Hill Institute study found that, on average, Romneycare:
• cost the Bay State 18,313 jobs;
• drove up total health insurance costs in Massachusetts by $4.311 billion;
• slowed the growth of disposable income per person by $376; and
• reduced investment in Massachusetts by $25.06 million.
The method used:
The institute analyzed trends in health-care costs before and after the state law was passed. Researchers compared the Bay State’s numbers to national health-care cost trends. They found that instead of reducing health-care expenses as advocates had promised, Romneycare actually increased costs by $4.3 billion. Using computer modeling to determine the effect of those increased costs on businesses and Bay State residents, the institute concluded that the law has cost Massachusetts an average of 18,313 jobs.