Daily News Updates - Health Insurance News

McCain vs Obama: Common Ground, Pt.3 – Mr. McCain’s tactic; Lose employer-based health insurance.

Previous…

So referring to the outlined numbers above, let’s define some detail:

1)   Move everyone over to a new health insurance bargain basement consumer-driven market of private health insurance. Mr. McCain’s proposed implementation for this goal is actually in two parts: Axeing the old ‘employer-based health insurance system, shuffling everyone over to private health insurance.

The first step breaking away from our nation’s ‘traditional’ model of relying on employer-based health insurance. (At present, about 60% of our nation’s insured are relying on the stability of employ-based health insurance.) This would be done by taking away the current tax breaks that partly sustain the popularity of the employer-based coverage. In place of this long-held incentive, Mr. McCain would offer tax credits up to $2,500 per individual tax return, or $5,000 per joint tax return. This measure weighs well toward the micro-objective of moving every over to private insurance. As far as its effectiveness toward the ‘vision’ that carries the greater weight, it may not stack up. Remember, that vision is to “avail effective health insurance to all Americans.”

For greater introspect on the greater effect, please refer to “Defining the Health Insurance/Care Chasm, Pt.3”,  “Myth Buster 101, Pt.4 – (2) Will tax credit get it?” and “Myth Buster 101, Pt.5 – (3) Will Consumer-driven get it?”.

2)    Implementing the Cut the benefits to bare bones so that medical treatment above the minimum is too expensive for most Americans is achieved by changing the law to allow selling health insurance across state lines. This would, effectively, circumvent the long-standing state-level consumer protective mandates.

Continued…