John McCain on Health Care

I haven’t read the entire plan yet, but in skipping around the bullet points one thing did strike me as possibly a good thing.

Reform the tax code to eliminate the bias toward employer-sponsored health insurance, and provide all individuals with a $2,500 tax credit ($5,000 for families) to increase incentives for insurance coverage. Individuals owning innovative multi-year policies that cost less than the full credit can deposit remainder in expanded health savings accounts.

President Bush suggested something like this, but it was panned by many knee-jerk liberals who let their dislike for Bush get in the way of what could be a good policy. Allowing people to actually do with the tax credit what they wanted would only enhance the efficacy of the plan, but I know politicians just can’t abide people doing stuff with their money that the politician doesn’t approve of. Still, a step in the right direction. Too bad I just don’t like McCain as a candidate and that both Obama and Clinton prefer statist approaches. If I vote this year, it will only be after I get well and truly drunk.

FILED UNDER: Campaign 2008, Health, US Politics, , , ,
Steve Verdon
About Steve Verdon
Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research. He joined the staff at OTB in November 2004.