Health care plans: Obama vs. McCain

: Give consumers more choices by providing more access to insurance
plans in other states. Tax workers on the value of their job-based health
insurance to try to offer more equality between people who get coverage
through their jobs and people who buy their own. Workers now get health
benefits tax-free, but people who buy their own insurance outside work don’t
get a similar tax break.
: Taxes on insurance benefits would be offset by a refundable
tax credit: $5,000 for families and $2,500 for single people. At first,
those credits are expected to cover the additional taxes for workers in
most tax brackets. Over time, rising insurance costs could outstrip the
: Employers would not be required to contribute
to workers’ health care coverage. Employers would still have the option
of writing off the cost of providing health insurance benefits.

Comments are closed.