Daily News Updates - Health Insurance News

Nominees’ Update on Health Insurance, Pt.1 – Where are we right now?

A good health insurance/care update has been filed by Reuters – Factbox and posted on www.reuters.com. With health insurance rating so high in campaign priority, much has been proposed. Indeed, today health insurance remains one of the greatest contrasts between the two nominees, with Social Security retirement issues gaining ground. This Reuters article presents a good summary of where the two nominees stand now. Today, our health insurance crises continues to worsen and, thanks to the many fines articles posted every day, more and more of our ‘unconcerned’ citizens are becoming involved. As for the current Social Security retirement system, it has repeatedly survived the relentless onslaught of the Bush Administration (and many before him). Both battles are still raging, however, and our nation deserves, nay, requires to be informed on continual updates.

Starting with health insurance/care, let’s update ourselves on where the candidates stand today. Mr. McCain is still holding to his proposal of, in effect, denying any further tax breaks to employers who offer employer-based health insurance (tho his wording artfully escapes divulging this important change). Thus, as bad as the trend is today of employers dropping these benefits to their employees, we would expect to see this trend skyrocket. So, with about 60% of our nation’s insured relying on the stability of employ-based health insurance, we might well expect to see that go away. Replacing it, we see a slightly-modified rendition of an old Bush Admin plan that didn’t fly. If this tax law should go into effect, we expect to see a mass migration over to private plans.

Continued…