To pay for the tax credit, McCain would eliminate the tax exemption for people whose employers pay a portion of their coverage, raising an estimated $3.6 trillion in revenues, Holtz-Eakin said. Companies that provide coverage to workers still would get tax breaks. McCain would also cut costs by limiting health care lawsuits.
http://www.cbsnews.com/stories/2008/04/29/politics/main4053995.shtml?source=RSSattr=Politics_4053995
OK. Sounds good for the companies so far, but maybe there's a catch.
And more personal responsibility, that's always a good thing, right.
Net the Truth Online
McCain Calls For Health Care Tax Credit
GOP Candidate's Plan Entails Shift Away From Employer Programs Towards Open Market
Comments 49
TAMPA, Fla., April 29, 2008
(AP) Republican presidential candidate John McCain wants health insurance companies to compete for your business on the open market.
He would offer families a $5,000 tax credit to help buy insurance policies.
"Millions of Americans would be making their own health care choices again," McCain said in remarks prepared for delivery Tuesday at the H. Lee Moffitt Cancer Center & Research Institute in Tampa.
"Insurance companies could no longer take your business for granted, offering narrow plans with escalating costs," he said. "It would help change the whole dynamic of the current system, putting individuals and families back in charge, and forcing companies to respond with better service at lower cost." ...
...Under McCain's plan, anyone could get the credit, and those who like their company health care plan could choose to stay in it. The credit would be available as a rebate to people at lower income levels who have no tax liability, Holtz-Eakin said.
To pay for the tax credit, McCain would eliminate the tax exemption for people whose employers pay a portion of their coverage, raising an estimated $3.6 trillion in revenues, Holtz-Eakin said. Companies that provide coverage to workers still would get tax breaks. McCain would also cut costs by limiting health care lawsuits.
The goal is to move the health care industry away from job-based coverage toward competition among health insurance companies on the open market.
http://www.cbsnews.com/stories/2008/04/29/politics/main4053995.shtml?source=RSSattr=Politics_4053995
By WILLIAM MARCH
Media General News Service
Published: April 30, 2008
TAMPA — John McCain sketched the outlines of his health care proposals Tuesday in a major speech in Tampa, pushing a reform program that seeks to enhance market competition and end reliance on employer-provided health insurance.
That, he says, will make health care more affordable and health insurance more accessible.
The heart of McCain’s proposal is to offer tax credits of up to $2,500 for individuals and $5,000 for families for purchase of their own health insurance.
At the same time, he would end the current tax exemption for premiums that workers pay on employer-provided insurance, seeking to make individual consumers the ones who choose and pay for their own health insurance.
“The key to real reform is to restore control over our health-care system to the patients themselves,” McCain told a small group of health care professionals gathered at the Moffitt Cancer Center at the University of South Florida.
http://www.wsls.com/sls/news/politics/article/john_mccain_unveils_health_care_proposal/10134/
February 05, 2008
An Analysis of Senator John McCain's Health Care Reform Plan By Robert Laszewski
http://www.thehealthcareblog.com/the_health_care_blog/2008/02/an-analysis-of.html
McCain and McMarkets in Health Care
Many free-market folks here in America are very weary of a McCain presidency. When it comes to health care, however, his plan might not be idyllic, but it is a far cry from the Hillary/Obama approach, which could more aptly be called “Prelude to Failure."
http://fsi-institute.blogspot.com/2008/03/mccain-and-mcmarkets-in-health-care.html
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