State treasurer of MA absolutely shreds RomneyCare, which “has nearly bankrupted the state” and is surviving solely because of federal aid

The level of economic illiteracy required to believe that a one-sized-fits-all, individually-mandated, government-controlled health care system could somehow succeed is really quite stunning. Which says a lot about Mitt Romney’s belief in free enterprise and the market system.

“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.

[T]he state’s health insurance law…Cahill said, “has nearly bankrupted the state.”

Cahill said the law is being sustained only with the help of federal aid, which he suggested that the Obama administration is funneling to Massachusetts to help the president make the case for a similar plan in Congress… “…I would argue that we’re being propped up so that the federal government and the Obama administration can drive it through” Congress.

Commonwealth Connector, the independent state agency established to help residents find the health insurance, has “totally failed,” to create competition and connect people with affordable insurance, Cahill said, pointing out that 68 percent of the residents it serves receive subsidized care.

“We haven’t done anything about driving down costs,” Cahill said. “We haven’t helped small business. We haven’t changed the way we pay for health care and the way we deliver it.”…

Look, if Romney somehow wins the nomination, I’ll support him without question against Barack Obama.

But we need to elect a conservative in 2012 who is 100% committed to the eradication of Obamacare. For if it isn’t wiped from the books, I fear this country may not survive.

Related: Oh, Super: Romney Consulted With Obama Mass Sterilization Expert and Science Czar John Holdren

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