Massachusetts Treasurer: Romneycare on national scale would “wipe out the American economy”

16 March 2010 at 9:02 pm by Jasper Drake No Comment

Massachusetts Treasurer Timothy Cahill warned against a national plan similar to what exists in Massachusetts saying that such a plan would bankrupt the country. As the treasurer of one of the two states that have universal health coverage perhaps Mr. Cahill knows something Democrats in Congress don’t know.

State Treasurer Timothy P. Cahill, an independent candidate for governor, today offered a wide-ranging and scathing criticism of the state’s universal health care law, saying it is bankrupting Massachusetts and will do the same nationally, if a similar plan is passed in Congress.
“If President Obama and the Democrats repeat the mistake of the health insurance reform here in Massachusetts on a national level, they will threaten to wipe out the American economy within four years,” Cahill said in a press conference in his office.

Echoing criticism leveled by congressional Republicans in recent weeks, Cahill said, “It is time for the president, the Democratic leadership, to go back to the drawing board and come up with a new plan that does not threaten to bankrupt this country.”

Cahill, who bolted the Democratic Party in July, has been a long-time critic of the state’s health insurance law. He said he was calling today’s press conference to respond to Governor Deval Patrick’s accusation last week that he and other gubernatorial candidates have been “missing in action” in tackling health care concerns.

Cahill said it is the governor who has not done enough to lower costs imposed by the state’s health insurance law, which Cahill said “has nearly bankrupted the state.”

Well that’s comforting. At least the Democrat’s plan resembles nothing like what exists in Massachusetts.

The President’s top political adviser agrees:

“Senator [Scott] Brown [R-Mass.] comes from a state that has a healthcare plan that’s similar to the one we’re trying to enact here,” Axelrod said on ABC’s “This Week”. “We’re just trying to give the rest of America the same opportunities that the people of Massachusetts have.”

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