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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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HOw do you feel about McCain's Health Plan
I was listening to the debate and McCain said that he would give "every American" a $5,000 credit, but I did some fact checking and it is actually $2,500 for a single person and $5,000 for a household. Meaning that my family of 3 would only get $5,000. So my question to you is, do you really, really think that a family of 3, 4 or 5 can buy health insurance for this amount of money. For that matter can a single person get health insurance for $2,500?
I would be very interested to hear what McCain supporters have to say.
TIA
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Posted 10/8/08 10:31 AM  |
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lbelle821
Arghhhhh
Member since 2/06 5285 total posts
Name:
Lisa
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Re: HOw do you feel about McCain's Health Plan
Throughout the debates they make mention that typical cost of a family plan is $12,000. So they're not subsidizing the whole thing.
I'd also be interested to know if that $5,000 tax credit gets phased out based on income and when that phaseout begins and ends.
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| Posted 10/8/08 10:33 AM |
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DancinBarefoot
06ers Rock!!
Member since 1/07 9534 total posts
Name:
The One My Mother Gave Me ;-)
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Re: HOw do you feel about McCain's Health Plan
My company pays @ $7500 per year for health insurance plans for singles, and @ $12,000 a year for health insurance plans for families.
I think his plan is a bunch of cr@p, and will only hurt those of us that live in areas where health insurance is expensive.
Nationwide, the average cost of a family plan is $12K.
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| Posted 10/8/08 10:34 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: HOw do you feel about McCain's Health Plan
Can only McCain "supporters" answer this question?
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| Posted 10/8/08 10:36 AM |
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Jenn627
Laaaaaaaambert!
Member since 5/08 9818 total posts
Name:
Jenn
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Re: HOw do you feel about McCain's Health Plan
Currently - I have a cheapie plan. I pay $386/month for a single. It's Empire Prism... That is $4632 per year.
He's out of his effing mind.
It's $1158 per month for a family. That's almost $14K per year.
He's really out of his effing mind.
However, if a company pays 60%, for a single that comes to $1800 out of pocket and $5600 for a family. I still don't know where he came up with these credits.
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| Posted 10/8/08 10:37 AM |
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: HOw do you feel about McCain's Health Plan
Posted by Ophelia
Can only McCain "supporters" answer this question?
No not at all, ALL are welcome.
I just meant I was interested in what a McCain supported would say.
Message edited 10/8/2008 10:43:20 AM.
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| Posted 10/8/08 10:42 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: HOw do you feel about McCain's Health Plan
I think the part that people are missing-because McCains camp isn't explaining it is-
if your company pays $600 of your $1000 monthly premium, the $600 is YOUR money...that is part of your taxable income for you to do whatever you want with. If you choose to put it toward your health insurance you can, if you choose to put it in a Flex or HSA account you can, if you choose to go to Vegas with it you can. Employers are not going to be allowed to keep the the money they contribute to health plans on behalf of their employees.
You will decide what to do with your earned money, not your employer & not the government.
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| Posted 10/8/08 10:44 AM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: HOw do you feel about McCain's Health Plan
No way will $5000 pay for health insurance for a family for a year. No way. He keeps talking about how his plan will give families the ability to shop around and choose their own insurance. Yes, you can shop around, and find nothing for $5000.
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| Posted 10/8/08 10:44 AM |
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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Re: HOw do you feel about McCain's Health Plan
I actually just signed up for a High Deductible plan. It costs $520 a month. It costs about $6200 a year now. We switched to that from a $12k a year plan because health insurance is just INSANE!
ETA: That is obviously a family policy
Message edited 10/8/2008 10:47:00 AM.
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| Posted 10/8/08 10:46 AM |
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: HOw do you feel about McCain's Health Plan
Posted by KellyFG
I think the part that people are missing-because McCains camp isn't explaining it is-
if your company pays $600 of your $1000 monthly premium, the $600 is YOUR money...that is part of your taxable income for you to do whatever you want with. If you choose to put it toward your health insurance you can, if you choose to put it in a Flex or HSA account you can, if you choose to go to Vegas with it you can. Employers are not going to be allowed to keep the the money they contribute to health plans on behalf of their employees.
You will decide what to do with your earned money, not your employer & not the government.
SO then that money also gets taxed, which is not the case now. So it will not be a net $5,000 per family, it will be $5,000 less what what ever your tax bracket is?
Also do you think tht is better than what we have now?
Also so by your answer are ou saying that the $5,000 per FAMILY is enough to buy good health insurance?
Message edited 10/8/2008 10:47:56 AM.
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| Posted 10/8/08 10:47 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: HOw do you feel about McCain's Health Plan
Posted by Luv2bAmom
SO then that money also gets taxed, which is not the case now. So it will not be a net $5,000 per family, it will be $5,000 less what what ever your tax bracket is?
Also do you think tht is better than what we have now?
Also so by your answer are ou saying that the $5,000 per FAMILY is enough to buy good health insurance?
No, $5,000 is NOT enough, whatever is contributed to your premium by your employer will now be part of your salary in YOUR PAYCHECK. Then you will get an additional $5,000 credit from Uncle sam. If most people did the math according to this info they'd find they'll have money left over!!!
For me it is what I've always had. Neither of us have ever had a job or worked in a field where or health insurance was paid mostly by our employer. We've always been responsible for the lion's share of our premium. I really don't see why its such a big deal for people. It will force insurance companies to stop with the bull$hit about group plans & offer everyone the same plans at the same prices.
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| Posted 10/8/08 10:52 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: HOw do you feel about McCain's Health Plan
Posted by KellyFG
I think the part that people are missing-because McCains camp isn't explaining it is-
if your company pays $600 of your $1000 monthly premium, the $600 is YOUR money...that is part of your taxable income for you to do whatever you want with. If you choose to put it toward your health insurance you can, if you choose to put it in a Flex or HSA account you can, if you choose to go to Vegas with it you can. Employers are not going to be allowed to keep the the money they contribute to health plans on behalf of their employees.
You will decide what to do with your earned money, not your employer & not the government.
exactly.
a pure disaster.
first and foremost, that $600 will be added on to your TAXABLE income, so instead of being taxed on $50,000 per year, you will now be taxes on $57,200 a year, so you will not see that $600 NET in your paycheck.
then there is the issue of sheer cost of health insurance. if people are barely making it now paying bills, MANY will not be able to take on the added expense of insuring their families.
then there is the issue of going to different states to buy a plan. right now, states are REGULATING health insurance companies. that means that each state has certain mandates that ins companies MUST pay for.
under mccains plan you can kiss that good bye. insurance companies will be able to deny anything they want to.
and people, especially people in good health at the time of plan purchase, will opt for the plan they can best afford.
and with healthcare NOW, you don't always get what you pay for...IMAGINE going cheap on the plan that is potentially in a DEREGULATED state!!!
does anyone remember that movie (I forget the name) where Joaquin Phoenix is dying of cancer and his mom is fighting an insurance company??? this IS a reality in the country at this time and will get FAR FAR worse.
there is no such animal as an altruistic insurance company. we have seen all too clearly how people look after their OWN bottom line before the greater good.
there is a VERY REAL chance that the health insurance industry could end up just like the banking industry if we let McCain deregulate.
there are certain instances where we NEED the govt...we NEED the middleman to (hopefully) keep a watchful eye out for its people.
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| Posted 10/8/08 10:53 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: HOw do you feel about McCain's Health Plan
Posted by KPtoys
I actually just signed up for a High Deductible plan. It costs $520 a month. It costs about $6200 a year now. We switched to that from a $12k a year plan because health insurance is just INSANE!
ETA: That is obviously a family policy
We did the same thing. I have a $5,000 deductible & we have that money in an HSA, plus I have a flex account through my job.
People need to think outside the box of what we have been brainwashed to believe. Its AMERICA, I want CHOICES!!!!
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| Posted 10/8/08 10:58 AM |
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DandN
Twins are here!
Member since 3/06 3597 total posts
Name:
Deirdre
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Re: HOw do you feel about McCain's Health Plan
What scares me the most is the potential for millions of people to lose health insurance due to deregulation- not just because they can't afford it - but because they can be denied coverage due to a 'pre existing condition.' His plan would make it more difficult for states to mandate that insurance companies maintain coverage for these people. John McCain would lose his coverage according to this - were he not already covered as a federal employee.
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| Posted 10/8/08 11:04 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: HOw do you feel about McCain's Health Plan
Posted by DandN
What scares me the most is the potential for millions of people to lose health insurance due to deregulation- not just because they can't afford it - but because they can be denied coverage due to a 'pre existing condition.' His plan would make it more difficult for states to mandate that insurance companies maintain coverage for these people. John McCain would lose his coverage according to this - were he not already covered as a federal employee.
McCain & Obama have both made claims that they will not allow people to be denied because of pre-existing conditions.
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| Posted 10/8/08 11:05 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: HOw do you feel about McCain's Health Plan
Posted by KellyFG
Posted by DandN
What scares me the most is the potential for millions of people to lose health insurance due to deregulation- not just because they can't afford it - but because they can be denied coverage due to a 'pre existing condition.' His plan would make it more difficult for states to mandate that insurance companies maintain coverage for these people. John McCain would lose his coverage according to this - were he not already covered as a federal employee.
McCain & Obama have both made claims that they will not allow people to be denied because of pre-existing conditions.
if govt opts out and delegulates, they won't have a say.
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| Posted 10/8/08 11:08 AM |
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DandN
Twins are here!
Member since 3/06 3597 total posts
Name:
Deirdre
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Re: HOw do you feel about McCain's Health Plan
Posted by KellyFG
Posted by DandN
What scares me the most is the potential for millions of people to lose health insurance due to deregulation- not just because they can't afford it - but because they can be denied coverage due to a 'pre existing condition.' His plan would make it more difficult for states to mandate that insurance companies maintain coverage for these people. John McCain would lose his coverage according to this - were he not already covered as a federal employee.
McCain & Obama have both made claims that they will not allow people to be denied because of pre-existing conditions.
They can both make all the claims they want - honestly I dont believe either one of them - these battles with insurance companies happen all the time and I am scared to death that this will get even worse. I dont know what the answer is - but I dont believe deregulation is the way to go.
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| Posted 10/8/08 11:08 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: HOw do you feel about McCain's Health Plan
even if McCain REALLY wanted to deregulate healthcare which he has never claimed he wants it 100% deregulated, he'd have to convince Pelosi & Frank & the rest of the theives to vote yes. It will be a cold day in hell before that happens.
Even if McCain gets elected the dems are still running this country.
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| Posted 10/8/08 11:13 AM |
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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Re: HOw do you feel about McCain's Health Plan
Posted by KellyFG
Posted by KPtoys
I actually just signed up for a High Deductible plan. It costs $520 a month. It costs about $6200 a year now. We switched to that from a $12k a year plan because health insurance is just INSANE!
ETA: That is obviously a family policy
We did the same thing. I have a $5,000 deductible & we have that money in an HSA, plus I have a flex account through my job.
People need to think outside the box of what we have been brainwashed to believe. Its AMERICA, I want CHOICES!!!!
I agree 100000%. We have a 5k deductible as well. We put the money back into our own account which earns interest to be used for drs appoinetments to bandaids! Look at that tax write off, a bandaid! I like not giving my money to health insurance when we don't use $12k a year... heck we probably don't use $2k a year (except having children of course). It's better in my pocket instead of theirs!
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| Posted 10/8/08 11:15 AM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: HOw do you feel about McCain's Health Plan
I'm sort of lost how this particular issue works i.e.
So say the family policy we get from DH's job is $450.00 a month. We pay $225/month and the job pays $225/month (I'm making this up by the way i have no idea how much it really costs).
So DH's $225 contribution is taken out pre-tax now, right? And we aren't taxed on the $225 that the company is giving us...
So- under McCain's plan, the Company's $225 is added to taxable income.. but what about the other $225 that is taken out pre-tax?
Would that remain the same?
In any event- I think the worst part about his plan is the derregulation of the industry and allowing the companies to basically flock to the least regulated state.... like corporations to Delaware.
We need to get real here- Insurance companies are in business to MAKE MONEY! If we deregualte, it is only natural in the free market for the companies to try and make even MORE money- because their bottom line is that they want to make their shareholders happy, not their customers. So the least amount of sick people they have on their roles, the better. The least amount of preventative care they have to provide, the better.
For example, in Arizona insurance companies can increase premiums for health and AGE... so when people need insurance the most and are at their lowest potential for earning, they have to pay more money. Sure, that's good for the 20 year old.. but what about our parents and grandparents... (most other states just make the exception for health, but not age too).
New York seems to have the best regulation stating that companies must offer you insurance instead of denying you (now, whether or not you can afford it who knows)... but I doubt shoudl McCain's plan stay in affect ANY insurance companies would want to stay here.
New Jersey has even BETTER regualation- insurance companies can NOT charge you a higher premium on the basis of health or age... you think under McCain's plan it would stay that way? I doubt it!
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| Posted 10/8/08 11:15 AM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: HOw do you feel about McCain's Health Plan
Posted by KPtoys
Posted by KellyFG
Posted by KPtoys
I actually just signed up for a High Deductible plan. It costs $520 a month. It costs about $6200 a year now. We switched to that from a $12k a year plan because health insurance is just INSANE!
ETA: That is obviously a family policy
We did the same thing. I have a $5,000 deductible & we have that money in an HSA, plus I have a flex account through my job.
People need to think outside the box of what we have been brainwashed to believe. Its AMERICA, I want CHOICES!!!!
I agree 100000%. We have a 5k deductible as well. We put the money back into our own account which earns interest to be used for drs appoinetments to bandaids! Look at that tax write off, a bandaid! I like not giving my money to health insurance when we don't use $12k a year... heck we probably don't use $2k a year (except having children of course). It's better in my pocket instead of theirs!
god forbid some freak accident happens though, wait to see how fast you use up that 12k.. one cat scan and an emergency room trip practically....
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| Posted 10/8/08 11:16 AM |
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Jenn627
Laaaaaaaambert!
Member since 5/08 9818 total posts
Name:
Jenn
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Re: HOw do you feel about McCain's Health Plan
Posted by KellyFG
even if McCain REALLY wanted to deregulate healthcare which he has never claimed he wants it 100% deregulated, he'd have to convince Pelosi & Frank & the rest of the theives to vote yes. It will be a cold day in hell before that happens.
Even if McCain gets elected the dems are still running this country.
I am under the impression that he wants to turn regulation over to the states and in turn work with the state rather than insurance companies themselves... Am I way off base here?
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| Posted 10/8/08 11:19 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: HOw do you feel about McCain's Health Plan
Posted by Sassyz75
Posted by KPtoys
Posted by KellyFG
Posted by KPtoys
I actually just signed up for a High Deductible plan. It costs $520 a month. It costs about $6200 a year now. We switched to that from a $12k a year plan because health insurance is just INSANE!
ETA: That is obviously a family policy
We did the same thing. I have a $5,000 deductible & we have that money in an HSA, plus I have a flex account through my job.
People need to think outside the box of what we have been brainwashed to believe. Its AMERICA, I want CHOICES!!!!
I agree 100000%. We have a 5k deductible as well. We put the money back into our own account which earns interest to be used for drs appoinetments to bandaids! Look at that tax write off, a bandaid! I like not giving my money to health insurance when we don't use $12k a year... heck we probably don't use $2k a year (except having children of course). It's better in my pocket instead of theirs!
god forbid some freak accident happens though, wait to see how fast you use up that 12k.. one cat scan and an emergency room trip practically....
seriously, this plans are GREAT if you are relatively healthy. but those high dd's can eat you up in an instant. then there are the copays...the uninsured amounts...
hey, if you want to live "off the grid" more power to you. Obama's plan takes nothing away from anyone. I will still have my same plan (which I pay a healthy chunk into, and I have the same plan the candidates do  ) with the option of a flex spending account etc.
health insurance should not be a FREE MARKET. it's just too irresponsible. end of story.
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| Posted 10/8/08 11:20 AM |
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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Re: HOw do you feel about McCain's Health Plan
Posted by Sassyz75
Posted by KPtoys
Posted by KellyFG
Posted by KPtoys
I actually just signed up for a High Deductible plan. It costs $520 a month. It costs about $6200 a year now. We switched to that from a $12k a year plan because health insurance is just INSANE!
ETA: That is obviously a family policy
We did the same thing. I have a $5,000 deductible & we have that money in an HSA, plus I have a flex account through my job.
People need to think outside the box of what we have been brainwashed to believe. Its AMERICA, I want CHOICES!!!!
I agree 100000%. We have a 5k deductible as well. We put the money back into our own account which earns interest to be used for drs appoinetments to bandaids! Look at that tax write off, a bandaid! I like not giving my money to health insurance when we don't use $12k a year... heck we probably don't use $2k a year (except having children of course). It's better in my pocket instead of theirs!
god forbid some freak accident happens though, wait to see how fast you use up that 12k.. one cat scan and an emergency room trip practically....
Yes, I agree but with the plan I pay the first $5000 which we will have in a savings account specifically for health then the insurance pays 100%
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| Posted 10/8/08 11:21 AM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: HOw do you feel about McCain's Health Plan
ITA with Ophelia.
I think McCain's plan is a disaster and would only hurt the American people.
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| Posted 10/8/08 11:23 AM |
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