Guest Post by Bill Zwerger
Bay State residents are finding that mandated health care isn’t cheap.
Boston Globe: State regulators said yesterday that they will probably change the complex formula they use to determine how many Massachusetts residents face a tax penalty for not having health insurance, because spiraling costs are making coverage unaffordable for too many people.
The state’s landmark 2006 health law requires nearly everyone to have health insurance or to pay a stiff tax penalty.
“We need to look at how the percentage of income we are asking people to contribute to insurance has changed over time,’’ said Nancy Turnbull, an associate dean at Harvard’s School of Public Health and a member of the authority’s board. “Health care costs and premiums keep going up, and we will rapidly approach a cost that is beyond what everyone is willing to pass on.’’
Check your wallets…stat.