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Liz Mair has an excellent column on what I suspect will become an albatross around Mitt Romney's neck. Money quote:

Romney said he would not need to raise taxes to pay for the program.

Of course, he was right. RomneyCare has not even been fully implemented yet, and a cost overrun of $151 million in 2007 alone is already in the cards, perhaps because the RomneyCare financial model assumed the wrong number of uninsured in Massachusetts (the Census Bureau puts it at 748,000, but RomneyCare assumes only 500,000). But any needed hike in taxes won't be pushed through by Romney-he'll be out of office when the bill comes due, and when extra federal dollars will likely have to be allocated to Massachusetts to help cover the shortfall between RomneyCare's cost and its budget.

topics:
Taxes