Whose Health Care Reform Plan is Better?
According to many health care policy experts neither presidential candidate is proposing a health care plan that contains workable solutions to the countries most serious health care issues.
The knock on Senator McCain’s proposed health care plan is that it will not help to reduce the number of uninsured Americans in this country:
Eliminating the tax credit that employer’s currently receive will induce them to stop offering health insurance coverage to an estimated 20 million workers who currently have employer-sponsored health insurance. Concurrently, McCain’s proposed tax credits to individuals will allow an estimated 21 million people who are uninsured to purchase health coverage, this includes people being under insured as a result of purchasing bare bones insurance policies. Based in this analysis only an additional 1 million people will be insured, and over time the tax credit will provide a smaller and smaller boost as health insurance rates increase and the tax credit stays the same.
while the expected shortcoming of Senator Obama’s plan is that it will do nothing to keep rising health care costs in check.
Extending government control over health insurance with new regulations will almost assuredly increase the cost of health insurance unless savings from other policies ( such as improving mgmt. of chronic conditions, and the use of health information technologies for example) take place, which experts don’t think will happen as they have not yielded any measurable savings to date.
The reality is, regardless of who wins the presidential election come November, we are not close to solving the health care conundrum in the United States anytime soon.
