Senator John McCain has promised to “fix” healthcare with a system that combines tax credits with increased emphasis on private insurance. One of his advisors, Douglas Holtz-Eakin, says the plan would pull 25 to 30 million people into the ranks of the insured. Yes, more private insurers making big profits is exactly what we need…. But a panel of experts has contradicted the McCain claims in an article in Health Affairs, according to The New York Times:
The article, published in the journal Health Affairs, argues that “initially there would be no real change in the number of people covered as a result of the McCain plan.” After a short-term reduction of 1 million in the number of people without coverage, the number of uninsured would increase by 5 million after five years, the authors predict. There are currently 45 million people without insurance, or 15 percent of the population, according to the Census Bureau.
If McCain would like to convene a panel of experts to determine what’s wrong with the U.S. financial system (as though we don’t know already–unrestricted greed has sapped the system of tremendous reserviors of value), he ought to listen to this pane about health care now. The McCain health plan is more of the same, which will only magnify the problem.