McCain Talks Tax Credits for Health Coverage
Shifting away from job-based coverage to an open market where people can choose from competing policies is what Republican presidential nominee and Senator John McCain is proposing to change the health insurance crisis facing many Americans.
On Tuesday during a speech at the H. Lee Moffitt Cancer Center & Research Institute in Tampa, McCain said he would offer families a $5,000 tax credit to help buy insurance policies. Everyone would get the credit, whether he or she keeps a policy through an employer or shops for a new one.
"You simply choose the insurance provider that suits you best," McCain stated. "The health plan you chose would be as good as any that an employer could choose for you. It would be yours and your family's health care plan, and yours to keep," he said.
Advisers called the speech a major policy address. The total cost of the plan and an estimate of how many people it would help still has to be addressed. There are more than 40 million people in the United States who don't have health insurance. An adviser said that specifics will come later.
Published on April 30, 2008
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