Tuesday, October 7, 2008

Businesses Wary of McCain Health Care Plan....

Businesses are usually pretty supportive of the GOP - but maybe not so much these days with McCain's Health Care Plan.

McCain proposes eliminating the business tax deduction for health care and then charging anyone who does get health care taxes on the value of the policy. Ok, so he will give you a $5000 tax credit to offset that....but since the "value" of a policy for a family is $12,000 - sounds to me as if you get a tax increase. Hmmmm

At the same time he wants to cut taxes to oil companies....but I digress.

Oh and you can go buy insurance on the "open market". You know, you can "shop around for the best deal". So when your kid is in the hospital in critical condition and needs some critical procedure ...you can "shop around" for the best deal. Hope the kid can wait.

And then....let's talk about buying your own insurance. A decent policy for a family costs $12,000 - assuming that your pre-existing conditions don't prevent you from getting any insurance at all. And pretty much, if you are over 30 - you have a pre-existing condition baby. People have been denied coverage for such things as a history of allergies, migraine headaches and being 10% overweight. Let alone such things as diabetes, asthma, heart disease, cancer.

But hey, let's let deregulation and "the market" do for health care what it did for banking and wall street. ....uh....oops.

Read More: New York Times article

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