Study Suggests Healthcare Law in Massachusetts Harmed Economy

The Massachusetts healthcare reform law, passed in 2006, has cost at least 18,000 jobs and slowed investment and disposable income, according to research conducted by the Beacon Hill Institute at Suffolk University.

The Beacon Hill Institute employed its State Tax Analysis Modeling Program to estimate the effects of the Massachusetts healthcare reform law on the state's economy. The Institute found reform has driven total health insurance costs up by $3-6.1 billion; caused Massachusetts to employ approximately 15,000-21,000 fewer people; slowed the growth of disposable income per capita by $376; and reduced investment in the state by $21.28-29.33 million.

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