Well I just read the wikipedia about this, you can correct me if I'm wrong. But he came in with a deficit crisis, they raised fees and closed business tax loopholes, then when they had a surplus in the rainy day fund as a result he tried to get the legislature to lower income taxes which they refused to do.
But they also cut spending far more than they raised revenues, and with a state budget it has to be balanced which means a governor doesn't have the luxury of borrowing money in order to not raise taxes.
Socialized healthcare is a single payer system. A mandate is not. Not saying I agree with it, but you have 3 choices for uninsured people - when they get sick, they either don't get treated or the taxpayer foots the bill. Or you mandate the purchase of insurance. What do you think should happen?