There's a swarm of flies in Mitt's ointment--doctors aren't signing up to treat patients under the plan. Here's why:
In Massachusetts, the state-subsidized plans, collectively called Commonwealth Care, are provided by private insurance companies. Patients can choose from among six options. Residents who make between one and three times the poverty level ($48,000 for a family of three) are now eligible for coverage under the plan. Doctors are reimbursed by insurance providers -- at below-market rates comparable with Medicaid reimbursements.Imagine that. We could have government-sponsored steak at $ 1.59 per pound, or gasoline at $ 1.00 a gallon, but Exxon and Safeway won't play.
Would you trust your child's health to a doctor who was stupid enough to sign up for such a plan?
Mitt's supposed to have been a successful businessman. He must be lucky, because he sure don't know economics.
HT: Dr. Bob.