Daily News Updates - Health Insurance News

Next President’s Health Insurance, Pt.2 – Major contrasts, but no immediate change expected.

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Even though drastic health insurance/care changes may not be immediate, it’s worth noting the very different goals between the two candidates. Mr. Obama’s forte is covering all those 46 million Americans who have no health insurance and the 25 million Americans with inadequate health insurance, many of whom are worse off than those with no health insurance.

Mr. McCain’s forte seems to be, what he calls ‘leveling the playing field’, by favoring individual-risk policies that favor the profits for the health insurance industry and the open market with cheaper, inadequate health insurance.

One other major contrast is that Mr. Obama seeks increased government involvement in health insurance/care to reach a better balance.

Mr. McCain seeks decreased government involvement in health insurance/care. However, he has been less vocal about this issue due to the problematic deregulation issues associated with the lending market.

Perhaps the most important issue of all in contention is that of shared-risk health insurance vs. individual-risk coverage. Whereas Mr. Obama proposes to shore up and even build on the shared-risk scheme, Mr. McCain is proposing changes that most experts agree will be detrimental to the shared-risk scheme in favor of the individual-risk style. McCain campaign experts disagree with the non-partisan experts and downplay the expected effect.

Again, the outlook right now is for not very much to happen any time soon. The Democratic Congress are well-aware of the risk and would be very hard-pressed to allow a change that extreme in these fragile times of hardship and instability.

Continued…
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