Monday, May 20, 2013

Want a Glimpse of Obamacare? Look at Massachusetts

Anyone curious about the future of health care in the United States needn't look much further than Massachusetts, which already has its own form of health care reform—Romneycare.

Signed into law in 2006 by then governor and later GOP presidential candidate Mitt Romney, the measure had backing from both political parties and became a blueprint of sorts for Obamacare—which goes into full effect next year.

There are some some key differences between the two laws: For example, Romneycare has lower penalty fees, lower numbers of workers before insurance is mandated for small companies, and it's funded differently. But Romneycare provides at least a small window for what's coming in 2014, say analysts.

READ MORE:  http://www.cnbc.com/id/100723888

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