Originally published May 23 2008
McCain's Proposed Health Care Plan - Millions Will Lose Insurance Coverage
by Jo Hartley
(NaturalNews) Americans need to be aware of what Senator John McCain's health care plan entails. Under the guise of fighting health care inflation, he is targeting the employer-provided system that currently covers over 60 percent of the non-elderly population. This would effectively force people who now have health insurance through their employers to purchase individual health care plans through unregulated insurance companies. Instead of reducing health care costs, this would increase it.
In the effort to create his health care policy, McCain appears to have turned to his financial supporters in the health care industry for advice and direction. What they have come up with is an extremely ideological plan based on the premise that the problem in our health care industry is that we have too much insurance. Their thoughts is that if we have to buy our health care with money directly out of our pockets instead of through employers we will force physicians, hospitals, and insurance companies to become more efficient.
That's their theory. Here are the facts.
Most Americans already pay at least a part of their premiums out of their own pockets. There are also the ever increasing co-payments that we are running into more and more. This is already resulting in people who have what is considered "good insurance" to carefully weigh each doctor visit. The end result is that even now millions of Americans aren't getting the health care they need. This is driving health care costs up, not down.
McCain also has a plan to tax workers' health care premiums that are employer provided. The consensus among both conservatives and liberals is that this will likely result in employers ending the health care benefits they provide for their employees.
Here's the kicker. McCain doesn't argue these facts. The huge ordeal that would result because of his health plan (millions of families losing their insurance coverage and needing to find alternative coverage) is not an unintended consequence. He would prefer that Americans purchase insurance as individuals.
McCain would also like to do away with regulations that require companies to insure patients with pre-existing conditions, require benefits to be provided that do not exclude certain medical conditions, and prevent companies from charging exorbitant premiums for substandard benefits. He would give you the "freedom" to buy your insurance through private companies that may be in other states with differing regulations. Obviously many of the big insurance companies are doing their homework right now to determine which states would be the most advantageous to place their corporate headquarters if McCain wins the presidency.
Part of McCain's plan is a refundable tax credit to help pay for health insurance ($2,500 for individuals and $5,000 for families). Last year the average annual expense for the most common type of insurance plan was $11,765. This means that the average family would pay roughly $6,765 after subtracting the $5,000 tax credit –- approximately double what the average employee pays for their share of their current premiums.
To reiterate, McCain's goal is for Americans to pay more for their health care because he believes this will lead them to think harder before seeking medical care.
McCain and his supporters in the insurance industry would also create something they are calling a Health Savings Account. This is a savings account attached to an insurance plan with very high deductibles making it essentially a catastrophic health plan. For normal doctor visits, you would deduct money from your savings account until it's empty. After there is nothing left are you wondering how you will pay for your health care? Good question!
This combination is known as "consumer-directed health care." Although it is promoted as a way to save money, the impact on our economy and society will not be positive. This will leave millions of people with substandard medical coverage, more health problems, and higher incidences of health cost-related financial problems.
It would also place the insurance industry and the drug industry in ever more control of America's health care system.
The release of McCain's health care plan is a test for our country's mainstream media. Health care experts who are grounded in reality will have to tell reporters that there is nothing to support McCain's claims that his plan will reduce health care costs. Will the media get to the bottom of the story?
The bottom line is this: McCain's health plan is set to greatly increase the number of uninsured Americans and it will likely do nothing about high health care costs. The number of Americas who cannot afford good health insurance for their families is going to increase. Will the mainstream media get this story right?
About the authorJo Hartley
Wife, Mother of 8, and Grandmother of 2
Jo is a 41 year old home educator who has always gravitated toward a natural approach to life. She enjoys learning as much as possible about just about anything!
http://loftymatters.com - Current Events
http://winemaiden.com - Simply Abundant Living
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