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Annie Birdsong
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 Posted: Sat Nov 01, 2008 6:30 pm Post subject: Nobel Prize Winner: "Terrified" About McCain's Health Plan |
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"McCain's plan would do for health care what deregulation
has done for banking. And I'm terrified," said Paul Krugman,
winner of the 2008 Nobel Prize in Economics, in a New
York Times editorial.
Here are selected quotes from the New York Times article:
"Conservative Republicans still hate Medicare, and would kill it
if they could - in fact, they tried to gut it during the Clinton
years (that's what the 1995 shutdown of the government was
all about). But so far they haven't been able to pull that off.
"So John McCain wants to destroy the health insurance of
nonelderly Americans instead.
"Most Americans under 65 currently get health insurance
through their employers. That's largely because the tax code
favors such insurance: your employer's contribution to
insurance premiums isn't considered taxable income, as
long as the employer's health plan follows certain rules. In
particular, the same plan has to be available to all employees,
regardless of the size of their paycheck or the state of their health.
"This system does a fairly effective job of protecting those
it reaches, but it leaves many Americans out in the cold.
Workers whose employers don't offer coverage are forced
to seek individual health insurance, often in vain. For one
thing, insurance companies offering "nongroup" coverage
generally refuse to cover anyone with a pre-existing medical
condition. And individual insurance is very expensive,
because insurers spend large sums weeding out "high-risk"
applicants - that is, anyone who seems likely to actually
need the insurance. ... Mr. McCain ... wants to blow up
the current system, by eliminating the tax break for
employer-provided insurance. And he doesn't offer a
workable alternative.
"Without the tax break, many employers would drop their
current health plans. Several recent nonpartisan studies
estimate that under the McCain plan around 20 million
Americans currently covered by their employers would
lose their health insurance."
Read the entire article in the New York Times:
Health Care Destruction
Oct.6, 2008
http://www.nytimes.com/2008/10/06/opinion/06krugman.html |
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john w
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| Posted: Sun Nov 02, 2008 12:24 am Post subject: Re: Nobel Prize Winner: "Terrified" About McCain's Health |
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On Sat, 1 Nov 2008 09:30:36 -0400, "Annie Birdsong"
<annie@anniebirdsong.com> wrote:
© 2008 John D Weatherly all rights reserved; no portion of this post
may be used anywhere else without written permission of the author.
| Quote: | "McCain's plan would do for health care what deregulation
has done for banking. And I'm terrified," said Paul Krugman,
winner of the 2008 Nobel Prize in Economics, in a New
York Times editorial.
What a ridiculous comment! |
If John McCain wins the OO, he will most likely come into the
White House with the most Left-Wing Congress in DECADES.
And there isn't much he can do about Health Care without the
cooperation of Congress.
john w
| Quote: | Here are selected quotes from the New York Times article:
"Conservative Republicans still hate Medicare, and would kill it
if they could - in fact, they tried to gut it during the Clinton
years (that's what the 1995 shutdown of the government was
all about). But so far they haven't been able to pull that off.
"So John McCain wants to destroy the health insurance of
nonelderly Americans instead.
"Most Americans under 65 currently get health insurance
through their employers. That's largely because the tax code
favors such insurance: your employer's contribution to
insurance premiums isn't considered taxable income, as
long as the employer's health plan follows certain rules. In
particular, the same plan has to be available to all employees,
regardless of the size of their paycheck or the state of their health.
"This system does a fairly effective job of protecting those
it reaches, but it leaves many Americans out in the cold.
Workers whose employers don't offer coverage are forced
to seek individual health insurance, often in vain. For one
thing, insurance companies offering "nongroup" coverage
generally refuse to cover anyone with a pre-existing medical
condition. And individual insurance is very expensive,
because insurers spend large sums weeding out "high-risk"
applicants - that is, anyone who seems likely to actually
need the insurance. ... Mr. McCain ... wants to blow up
the current system, by eliminating the tax break for
employer-provided insurance. And he doesn't offer a
workable alternative.
"Without the tax break, many employers would drop their
current health plans. Several recent nonpartisan studies
estimate that under the McCain plan around 20 million
Americans currently covered by their employers would
lose their health insurance."
Read the entire article in the New York Times:
Health Care Destruction
Oct.6, 2008
http://www.nytimes.com/2008/10/06/opinion/06krugman.html
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