A report in yesterday’s Boston Globe talked of the plans of major Massachusetts health insurers to raise rates by ten percent next year. In a system that is already teetering because of unaffordable costs a ten percent increase will create major stress on employers, the Commonwealth of Massachusetts, and municipalities. It will also call into question the ability of Massachusetts to continue fully funding the health care reforms enacted under Governor Mitt Romney.
These increases have become the norm, and call into question the strategy of full coverage taking place before real cost containment. I support full coverage, but if true cost containment is not ever a part of health care reform then any other reforms are likely doomed to failure. Management and Labor will fight anew, arguing over which should shoulder the additional burden, when in fact neither can afford perpetual double digit increases. It is, as I have pointed out repeatedly, not sustainable for this country. For those that say that the current system is fine, do the numbers. Health care is consuming an ever greater percentage of our nations economic output, and will leave us a financial basket case if no action is taken, and taken soon. It is really not about ideology. It is about living within our means, and being honest with people about the financial limits that we face. Those limits mean we have to make difficult choices, and those choices will likely require vast political courage. Not as of yet in evidence.
Read the Globe story here.