{"id":858,"date":"2008-10-27T13:25:25","date_gmt":"2008-10-27T17:25:25","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=858"},"modified":"2008-10-27T13:27:19","modified_gmt":"2008-10-27T17:27:19","slug":"wall-street-journal-almost-everyone-would-do-better-under-the-mccain-health-plan","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/27\/wall-street-journal-almost-everyone-would-do-better-under-the-mccain-health-plan\/","title":{"rendered":"Wall Street Journal: Almost Everyone Would Do Better Under the McCain Health Plan"},"content":{"rendered":"

Robert Carroll has a must read Op Ed on John McCain’s health care plan in today’s Wall Street Journal. Carroll does and excellent job of explaining what may be the single most misunderstood and misrepresented proposal of this election… The bottom line is most of us would do better under McCain’s health insurance tax credit.<\/p>\n

\n

Almost Everyone Would Do Better Under the McCain Health Plan<\/h3>\n

His tax credit is larger than the current tax subsidy for insurance.<\/em><\/p>\n

By Robert Carroll, Wall Street Journal, October 27, 2008<\/p>\n

Still, some 45 million Americans are uninsured; and the growth in health-care spending continues to outpace the growth in incomes and the economy, which portends further increases in the number of uninsured. The employer-based system itself is eroding. Voters should be wondering whether there is a better approach than this subsidy.<\/p>\n

What many may not realize is that the federal government already “spends” roughly $300 billion to $400 billion through the tax code to encourage people to pay for their health care through employer-sponsored health insurance. This subsidy takes the form of the exclusion for employer-sponsored health insurance from both income and payroll taxes.<\/p>\n

There has been a lot of rhetoric and misstatements, but what exactly does Sen. McCain have in mind? He would replace the current income tax exclusion for employer-sponsored health insurance with a refundable tax credit — $5,000 for those who purchase family coverage and $2,500 for individual coverage. Mr. McCain would also reform insurance markets to stem the growth in health insurance premiums. Read the rest…<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Robert Carroll has a must read Op Ed on John McCain’s health care plan in today’s Wall Street Journal. Carroll does and excellent job of explaining what may be the single most misunderstood and misrepresented proposal of this election… The bottom line is most of us would do better under McCain’s health insurance tax credit. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[43,7],"tags":[47,1366,40],"class_list":{"0":"post-858","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-health-care","7":"category-politics","8":"tag-2008-elections","9":"tag-health-care","10":"tag-john-mccain","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-dQ","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2851,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/10\/weekend-briefing\/","url_meta":{"origin":858,"position":0},"title":"Weekend Briefing – Saturday, October 10, 2009","author":"Jeff","date":"October 10, 2009","format":false,"excerpt":"I'm going to be tied up with family all weekend but here's a collection of must read links: CBO: Budget deficit hit record $1.4T in 2009 - Associated Press Proposals to create jobs add up to second stimulus - Associated Press A Nobel for Obama - New York Sun Barack\u2026","rel":"","context":"In "Afghanistan"","block_context":{"text":"Afghanistan","link":"https:\/\/www.jasetaro.com\/blog\/category\/afghanistan\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1325,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/01\/08\/the-politics-of-health-care\/","url_meta":{"origin":858,"position":1},"title":"The Politics of Health care","author":"Jeff","date":"January 8, 2009","format":false,"excerpt":"One of the more important battles of the next few years is going to be health care reform. I've mentioned before I'm opposed to any kind of government run socialized health care system. I have relatives in Canada so my perspective on socialized medicine is a little more direct than\u2026","rel":"","context":"In "Medicine"","block_context":{"text":"Medicine","link":"https:\/\/www.jasetaro.com\/blog\/category\/medicine\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":490,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/25\/bailing-on-the-bailout\/","url_meta":{"origin":858,"position":2},"title":"Bailing on the Bailout?","author":"Jeff","date":"September 25, 2008","format":false,"excerpt":"It looks like the bailout deal, if there ever was one, is collapsing... Democrats and Paulson are whining. ABC News' George Stephanopoulos Reports: Treasury Secretary Henry Paulson fears the Wall Street bailout deal is falling apart after a chaotic White House meeting, sources say. Paulson walked into the room where\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2532,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/07\/23\/no-health-care-vote-before-august-recess\/","url_meta":{"origin":858,"position":3},"title":"Reid: No Health Care Vote Before August Recess","author":"Jeff","date":"July 23, 2009","format":false,"excerpt":"Senate Majority Leader Harry Reid effectively pulled the rug out from under Pres. Barack Obama and House Speaker Nancy Pelosi today by announcing that the Senate will wait until the fall to debate and vote on the presidents health care reform proposals: Senate Democratic leaders on Thursday abandoned plans for\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":477,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/25\/newsflash-wall-street-journal-reporting-agreement-in-principle-is-reached-on-700-billion-bailout\/","url_meta":{"origin":858,"position":4},"title":"Newsflash: Wall Street Journal Reporting Agreement in Principle Is Reached on $700 Billion Bailout","author":"Jeff","date":"September 25, 2008","format":false,"excerpt":"From the Wall Street Journal: Congress reached an agreement in principle on a $700 billion package to bail out the financial industry, leaders from both parties said Thursday. They plan to present the deal to the White House later Thursday, hoping for a vote within days. Lawmakers said there were\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":789,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/15\/poll-question-who-won-the-final-presidential-debate\/","url_meta":{"origin":858,"position":5},"title":"Poll Question: Who Won The Final Presidential Debate?","author":"Jeff","date":"October 15, 2008","format":false,"excerpt":"[poll id=\"9\"] Overall I thought this was John McCain's best debate. Unfortunately, I don't think it was a game changer. In fact I think the plumber, Joe Wurzelbacher, was the only real winner. A couple of quick points: 1) The Secret Service says they have yet to find anyone who\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=858"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/858\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}