McCain’s Radical Health Insurance Agenda 3

Follow this link to a column by Bob Herbert about McCain’s health insurance plan.

I must admit that I don’t pay much attentioin to what McCain has to say, but if this is truly his plan, your going to end up paying more for health insurance if McCain gets his way.  If this is true, his plan will discourage your employer from providing health insurance.  Instead you will get a $5,000 tax credit to pay for a family’s health insurance.  If that insurance in the private market costs you $10,000 or $12,000 per year, you take a hit in the wallet of over $5,000.  The only ones who come out ahead are the employers and the insurance companies.

If this is the kind of “help” you want, then go ahead and vote for McCain.

By the way, I wouldn’t keep linking to items in the New York Times if RichardH didn’t keep sending them to me. When he sends me something worth mentioning, I can’t pass it up.

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3 thoughts on “McCain’s Radical Health Insurance Agenda

  • EricK

    As a physician and a business owner, I find this horrifying on both counts. I believe that this will be the beginning of the end of health insurance coverage as we know it. That might not be a bad idea, but this is not the way to do it. It is clear that McCain, who is one of the most anti regulation politicians I have ever seen, would now deregulate health care. He already spear headed deregulation of the banking/insurance industry that has probably been the cause of the catastrophe we are in now. I don’t know about you, but I for one am not ready for more of the same in other industries. Less is not always more. God help us all if he is the next president and is able to push his ideas into place.

  • RichardH

    In addition to Herbert’s critique about the McCain health plan,
    Cutler, DeLong, and Marciarille are speaking out.

    You can read Why Obama’s Health Plan Is Better by David M. Cutler, J. Bradford DeLong and Ann Marie Marciarille printed in the Wall Street Journal.

    Mr. Cutler is professor of economics at Harvard and an adviser to Barack Obama’s presidential campaign. Mr. DeLong is professor of economics at University of California, Berkeley. Ms. Marciarille is adjunct law professor at McGeorge School of Law.

    Follow this link to DeLong’s further explanations on his personal blog.