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October 7

McCain’s Plan to Allow the Individual Insurance Market to Thrive

Posted by admin
Filed under Health Insurance Tips | 4 Comments

While Obama continues to focus his attacks on McCain’s proposal to reform the health insurance system, some remain in defense of his plan. In place of having your employer’s contribution toward your health insurance not be counted as part of your taxable income, McCain is offering a tax credit for citizens to acquire their own health insurance. This would virtually eliminate the benefit of having employer provided health insurance and would open the market for competition among individual providers and give people more options and more control over their health care decisions. For some, the credit of $2,500 per year for individuals, and $5,000 for families, would result in a little extra money being put in their pocket at the end of the year. It would give people without access to employer sponsored health benefits the ability to acquire coverage and help eliminate the growing problem of uninsured Americans. Also, the resulting competition among individual providers could lead to prices being driven down, instead of the currently frightening trend towards rising prices. What do you think of McCain’s plan? Is it a valid one for reforming the health care system, or are the critics correct in attacking it and saying it is insufficient? Read more here
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This entry was posted on Tuesday, October 7th, 2008 at 11:26 am and is filed under Health Insurance Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “McCain’s Plan to Allow the Individual Insurance Market to Thrive”

  1. Fern on October 7th, 2008 at 12:28 pm

    Well again, McCains plan does not address how uninsurable people will get coverage. He talks about expanding the risk pools etc etc but he doesnt say how this will actually happen. Florida did away with the high risk pool a long time ago and I just want to know how he thinks he will put these back in place. In addition, the high risk pools offer very expensive coverage only and I don’t think his tax credit will do much justice. Its 50/50, 50% don’t have insurance because they can’t afford it and the other 50% don’t have insurance because they are uninsurable.

  2. Obama Fan on October 7th, 2008 at 12:53 pm

    John McCain has lost his mind. There is no way possible his plan to open up the states borders will work. Look at his deregulation of the financial industry, is that what you want for the insurance industry? No thanks…

  3. Bud L on October 7th, 2008 at 1:02 pm

    Give me another $xxx billion dollar government program and take care of me from cradle to grave. I don’t care if you regulate my lifestyle and behavior or even my DNA. Just deincentivize the healthcare marketplace and get those mandates going. Oh, also take more tax $’s from me to pay for them. We have to get every body insured and college educated and out of poverty and nutritionally standardized and flex car’d and REGULATED. There’s an approach for which I will work hard and creatively. Let the United Fund and other such activities know that I have nothing for them as the government has got it covered. Ah, no alumni fund raisers, no sholorships, no problem.

  4. Johnson on October 7th, 2008 at 2:53 pm

    John McCain should run for president

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