Daily News Updates - Health Insurance News

Nominees’ Update on Health Insurance, Pt.2 – Mr. McCain’s latest stance.

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Mr. McCain is proposing a moderate health insurance “refundable tax credit” to each working individual that awards refunds for, as much as, $2,500 to $5,000 (individual or family) from income tax. Estimates indicate that this would, nominally, cover about half of the typical health insurance annual premiums today. If I understand this correctly, the full-amount rebate would only apply to those who are already paying, at least, that much in taxes. So does this mean that all individuals earning less that $25,000 and families earning less than $50,000 per year will receive a reduced rebate for health insurance? With our shattered economy, what with the millions of unemployed (who far outnumber the few lucky ones still receiving ‘unemployment benefits’, but don’t exist in the government percentages called ‘unemployed’)?

Not to fear, we are promised a nation where ‘affordable’ health insurance will be available to all. Thru some ‘fuzzy logic’, still to be refined (thus far, we’ve only been given “these are extremely preliminary estimates”). We are told this will be a reality, should Mr. McCain prevail. This would certainly allay some of the fears to a large percentage of the 45 million who have no health insurance at all today.

Mr. McCain, at least, has finally acknowledged that some help from government subsidized health insurance will be necessary to achieve this. Centrist as this may sound, at least this aligns better with reality. In order to effectively address the worst of the crises, we must give serious consideration to the incredibly numbers represented by the ‘uninsured’ segment of our population.

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