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    MCCAIN HEALTH CARE PROPOSAL AND DOLLARS

    Number of Pages: 3

     

    Summary of the research paper:

    This 4-page paper provides an overview of the McCain-Palin health care reform program and potential economic implications. Bibliography lists 3 sources.

    Name of Research Paper File: D0_MTmcaheare.rtf

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    challenger Barack Obama said the current health care system, with much of the treatment held in the hands of third-party payors, is severely out of whack. Both, as was expected,  disagreed on how to fix it. In this paper, well examine McCains thoughts on health care reform. McCain never offered a "plan,"  as such (unlike Obama, who did). But his health care program offered what he called "four pillars of reform" (McCain-Palin, 2008). The pillars were affordability, access and choice, portability and  security and quality (McCain-Palin, 2008). To this end, his vision was a direct refundable tax credit (in other words, cash) of $2,500 for individuals and $5,000 for families to  help offset insurance costs (McCain-Palin, 2008). With this reforming of the tax code, McCains belief was that families could then choose the insurance provider that suits them best, with money  being sent directly to the provider (McCain-Palin, 2008). McCain also planned to work with states to establish a Guaranteed Access Plan, or GAP, to ensure that states help insure those  who are either under-insured or uninsured (McCain-Palin, 2008). Other aspects, such as tort reform, state flexibility and reforming the Medicaid and Medicare system, were also parts of the McCain-Palin plan  (McCain-Palin, 2008). What would be the economic implications of a health care reform proposal such as the one John McCain  was advocating? According to the Libertarian-based, free-market-oriented Cato Institute, some great ones, as McCains plan emphasized consumer choice and more competition from the insurance industry (Tanner, 2008). Furthermore, hed move  away from the employment-based insurance system by replacing the tax exclusion for employer-provided insurance with a refundable tax credit for individuals (Tanner, 2008). The plan also called for deregulating 

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