28 April 2008

McCain's Health Care Proposals

The issue of health care will be big in the general election. Each candidate has their own plan to reform the financing of health care. McCain restated his in a recent speech. I suspect that most Americans will not think that his plan goes far enough:
McCain's plan aims at eliminating "the bias toward employer-sponsored health insurance" by offering tax credits for individual plans, according to his campaign website. The credits would be $2,500 for individuals and $5,000 for families. Those amounts would be subtracted from the final tax bill. Families, the campaign says, should be able to buy nationwide policies that can move from state to state.
The Bush administration has proposed health care tax deductions of $7,500 for individuals and $15,000 for families.
Such write-offs have limited value because average family health care plans cost about $12,000 a year, says Ken Thorpe, a health policy professor at Emory University in Atlanta. Also, many insurers won't accept individuals with pre-existing medical problems, he says.

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