Daily News Updates - Health Insurance News

Assessing Obama’s Divergence From McCain, Pt.4 – Very aggressive and revolutionary.

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Mr. McCain vocalized one of his initial fears at the onset that Obama was plotting to create a new public health insurance/care entity, not based on greed but efficiency, that it would be in direct competition with those based on greed. Mr. McCain coined a ‘dirty word’ called ‘national health care’. Other antagonists are purporting that such an act would cause the medical profession to just plain back out, as some have done with Medicare. But the beauty of capitalism provides is that gaps in supply are almost always temporary and some else always steps in to fill that gap. In any case, we are now faced the just deserts of unregulated runaway markets such as the $700 billion bailout debacle. Even the multi-trillion-dollar health insurance industry has come to realize this and is softening its stance on health insurance regulation.

The next vague area in Mr. Obama’s health insurance/care plan is determining just how small a small business has to be in order to qualify for exclusion from the mandatory requirement to provide health insurance to their employees. Mr. Obama has proposed to help these small companies, but who will be included among these?

Another very aggressive offer presented by Mr. Obama is to provide quality health insurance to all Americans.

This health insurance, he informs us is as comprehensive and good of quality as the members of the US Congress themselves enjoy. The journal Health Affairs has recently estimated a price tag of more than $1,000 a month per person for such coverage. This raises big questions of cost and the affordability but if this could be accomplished, this would be tantamount to a revolutionary achievement, Mr. Oberlander states.

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