Oct 23 2008
Health care plans offered by Obama and Mc Cain
The ongoing race for the US presidential office is taking place at a time when then country is going through its worst economic slump post the Great Depression. The common US citizen is now keenly hearing to as to what these candidates have in store for them which could provide them some relief and respite from the present day turbulence. Amongst other major announcements the one waited with most keen interest was the take of both the candidates on the health care plans they wish to offer to the American population. It has been reported that about 47 million American population have no health insurance backing their health requirements and there is a fear that many more millions could join this band wagon in the wake of them loosing or changing jobs as a consequence of the present financial turmoil wrecking the US shores. I understand that both Senator Barak Obama and John Mc Cain have a different take when the health plans endorsed by the candidates are viewed and understood.
If Senator Obama has his way then in an effort to expand the employer based health insurance network it would be made mandatory for the companies to offer health insurance packages for their employees and in the absence of compliance to this rule they will have to pay a tax to the government with the motive of helping the government to cover the insurance needs of the uninsured. The employees who are not covered under any insurance plan by the employee can hence buy a policy from a pre defined list of government approved health insurance plans. Also the costs associated with these health insurance package could see a major trimming down to make them all the more popular and affordable to all. Also, he aims to cover all kids and children below the age of 18 to be covered under their parents insurance plans or under any other such insurance product which I think is a positive decision.
While on the other hand Senator Mc Cain proposes people to buy their own health insurance plans and for this purpose would provide every American family a $5,000 tax credit to allow them to purchase the best suiting health insurance policy for themselves and their family. This very well indicates to me the aim of the two candidates where on one side Obama is all up for an employer based health insurance facility on the other hand Senator John Mc Cain wants America to purchase the same from the private insurance players operating in the market.