Economists Views On Obama And Mccain’s Insurance Plans

Senator Obama and Senator McCain’s insurance plan proposals have been reviewed by top economists and they have decided that neither plan will work.The Washington Times and Associated Press report that economists have concluded that neither proposals offer any good for Americans.
Under Senator McCain’s reform plan, workers would be pushed out of the employer-based health insurance system – around 20 million, estimates these economists. McCain’s plan does allow people to purchase individual health insurance across state lines, which will result in about 21 million obtaining coverage.
McCain will offer $2500-$5000 tax credits, but once the premiums go up and coverage goes down, critiques say that it won’t assist Americans in getting ahead. McCain’s plan will do nothing to lower the number of Americans that are uninsured, says the critiques.
They didn’t have any better things to say about Senator Obama’s plan. Two of the three economists grading Obama’s plan were McCain advisors, so it was pretty tough. According to Obama’s critique, his proposal would be very costly for the government and hasten health inflation.
Because the Illinois Senator would require businesses to provide health benefits for workers, it would result in job loss or pay cuts. We’re thinking the reports were a bit cynical. But what do we know compared to the experts?

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