As most people know by now, Massachusetts insures almost 98% of its residents, top in the country. That is the good news, the bad news is the significant cost problem – by most estimates, health care costs are 15-20% higher here than the national average, putting a real strain on employer and consumer budgets.
In response to this cost crisis, the Massachusetts legislature passed Chapter 224 of the Acts of 2012 and Governor Deval Patrick signed it into law on July 31, 2012 – it will take effect on November 4th. This legislation relies heavily on government intervention and introduces some free market principles that suggest our messages might finally be getting through.
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