Obama and McCain on the issues
A look at where presidential candidates Democratic Sen. Barack Obama and Republican Sen. John McCain stand on some key issues:
Left: Democratic presidential candidate, Sen. Barack Obama, D-Ill., speaks at a rally in Henderson, Nev., Saturday, Nov. 1, 2008. (AP Photo/Jae C. Hong) Right: Republican presidential candidate Sen. John McCain, R-Ariz., reacts to the cheers of supporters during a campaign rally in Perkasie, PA., Saturday afternoon, Nov. 1, 2008. (AP Photo/Stephan Savoia)
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HEALTH CARE
Obama
• Would require large employers that don’t offer coverage to do so or pay a percentage of their payroll into a national fund.
• Would require insurance companies to cover pre-existing conditions.
• Would create small business health care tax credit.
• Would create a National Health Insurance Exchange offering private insurance plans or a new public plan.
• Would mandate coverage for children and expand the State Children’s Health Insurance Program.
• Quote: "I exempt small businesses from having to pay into a kitty. But large businesses that can afford it, we’ve got a choice. Either they provide health insurance to their employees or somebody has to.”
McCain
• Would require employees who get health care coverage at work to pay taxes on the value of the premiums.
• Would give a refundable tax credit of $2,500 to individuals and $5,000 to families to buy insurance.
• Would allow people to buy insurance policies across state lines, regardless of different state requirements regarding coverage.
• Would not require insurance companies to cover pre-existing conditions.
• Would rely on subsidized high-risk pools for those who can’t find private insurance because of pre-existing conditions.
• Quote: "The average cost of a health care insurance plan in America today is $5,800. I’m going to give them $5,000 to take with them wherever they want to go, and this will give them affordability.
Related Topics:
Health and Fitness, Public Finance, Domestic Policy, Political Policy, Politics, Business, Income Taxes, Taxes, Economic Policy, Tax Policy, Personal Finance, Small Business, Health Care Issues, Paying for Health Care, Insurance, Health Insurance, Government and Politics, Capital Gains
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