Comments on: WSJ Is Wrong: McCain’s Health Care Plan Increases Costs And Abandons Uninsured http://wonkroom.thinkprogress.org/2008/05/21/wsjmccainhealth/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: delta http://wonkroom.thinkprogress.org/2008/05/21/wsjmccainhealth/comment-page-1/#comment-1162 delta Mon, 26 May 2008 14:39:42 +0000 http://thinkprogress.org/wonkroom/2008/05/21/wsjmccainhealth/#comment-1162 one question of clarification- In McCain's proposal is he asking for the companies to take the money they were other wise spending on health care for their employees and use it to increase pay? ie. if a company was paying 5,000 a year per employee, wages would increase 5,000 a year. I read one report detailing it this way and was unsure of the accuracy. one question of clarification-

In McCain’s proposal is he asking for the companies to take the money they were other wise spending on health care for their employees and use it to increase pay? ie. if a company was paying 5,000 a year per employee, wages would increase 5,000 a year. I read one report detailing it this way and was unsure of the accuracy.

]]> By: delta http://wonkroom.thinkprogress.org/2008/05/21/wsjmccainhealth/comment-page-1/#comment-1160 delta Mon, 26 May 2008 14:38:52 +0000 http://thinkprogress.org/wonkroom/2008/05/21/wsjmccainhealth/#comment-1160 Whenever I think of the free market system used to control industries of necessity I am brought back to the definition and established goals of any corporation. Legally, corporations are accountable to their stakeholders, NOT their to their clients in need. Because of this the goal of any company is simply to increase profit margins. With health care this translates into reduced coverage and minimum payouts. Free market conditions for insurance companies neither makes theoretical sense nor practical sense. I cannot see this plan opening up a better, cheaper health care system- instead I see it leading towards a systems of policies with exclusions and many limitations coupled with reduced payouts by insurance companies. My fears lie in the health care industry mirroring the property insurance industry. Today we are seeing huge profits in this sector coupled with reduced coverage and claim payments and the refusal for coverage of entire regions- ie. Southeast Louisiana. Whenever I think of the free market system used to control industries of necessity I am brought back to the definition and established goals of any corporation. Legally, corporations are accountable to their stakeholders, NOT their to their clients in need. Because of this the goal of any company is simply to increase profit margins. With health care this translates into reduced coverage and minimum payouts. Free market conditions for insurance companies neither makes theoretical sense nor practical sense. I cannot see this plan opening up a better, cheaper health care system- instead I see it leading towards a systems of policies with exclusions and many limitations coupled with reduced payouts by insurance companies. My fears lie in the health care industry mirroring the property insurance industry. Today we are seeing huge profits in this sector coupled with reduced coverage and claim payments and the refusal for coverage of entire regions- ie. Southeast Louisiana.

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