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“We now face an opportunity — and an obligation — to turn the page on the failed politics of yesterday's health care debates… My plan begins by covering every American. If you already have health insurance, the only thing that will change for you under this plan is the amount of money you will spend on premiums. That will be less. If you are one of the 45 million Americans who don't have health insurance, you will have it after this plan becomes law. No one will be turned away because of a preexisting condition or illness.”
— Barack Obama, Speech in Iowa City, IA, May 29, 200
Reduce Health Care Costs
Obama’s plan will bring down the cost of health care and reduce a typical family’s premiums by as much as $2,500 per year.
For instance, the mailer says Obama's plan will save the average family $2,500 per year. That estimate comes from several Harvard professors who examined the plan at the Obama campaign's request.
Expansion Of Medicaid and SCHIP: Obama will expand eligibility for the Medicaid and SCHIP programs and ensure that these programs continue to serve their critical safety net function.
Indeed, perhaps the most significant reason Americans are drowning in health care debt may shock you: Americans are getting far too much unnecessary care. Of our total $2.3 trillion health care bill last year, a whopping $500 billion to $700 billion was spent on treatments, tests, and hospitalizations that did nothing to improve our health.
McCain's plan that basically leaves things "as is", we promises of passing laws here and there that might lower the price of prescription medication and might make healthcare insurance more affordable.
But I got my hopes low when it comes to him as we know that the present administration that happens to be Republican has not done anything so far in 8 years to alleviate the problem.