Massachusetts is going to show our big spenders how it is done.
From the New York Times:
"To keep the state’s landmark universal health coverage plan afloat, Massachusetts lawmakers are looking to tap an increasingly popular source of financing for health-related initiatives: tobacco taxes.
If the state raises its tax by as much as $1 a pack, it will join New York — and possibly a number of other states — in enacting significant increases this year. The speaker of the Massachusetts House, Salvatore F. DiMasi, a Democrat, pushed the increase, to $2.51, through the chamber this month, and the State Senate president, Therese Murray, and Gov. Deval Patrick, also Democrats, have signaled support.
The $175 million in projected revenue would be used to shore up the state’s year-old mandatory health insurance plan. State officials say the plan, which is the first to require that individuals have coverage, is over budget because enrollment has been higher than expected for state-subsidized insurance policies offered to low- and middle-income workers.
The state subsidies were budgeted at $472 million for the first year but actually cost $625 million. Only months ago, Mr. Patrick proposed spending $869 million for the coming year, but his aides already acknowledge that will not be enough. The state recently agreed to increase its payments to insurers by 9.4 percent. More costs are being passed along to policyholders in the form of higher premiums and co-payments."
Let's hope this gives some of our slow learners pause before pushing again for socialized medicine in Kentucky.
