Originally posted by tommy_boy
Originally posted by swdecord
So, what McCain is proposing makes sense to me...I would be able to shop "other" states for health insurance...Kind of like going to Delaware to buy
something without having to pay a sales tax (unless it's a car or boat, which you are forced by YOUR state to pay a sales tax AND a registration
fee...well, technically you should declare any out of state purchase on your NJ tax return)...
swdecord, under McCain's healthcare plan, he gives you a 5K credit to buy your own plan... Out of state, yes, if you so desired... BUT address in a
post your reaction to the fact that an average plan costs 12K. How are you going to afford a 12K plan with 5K in your pocket?
Additionally, if your one of the ones that keeps your employer-paid plan, McCain's gonna tax those, for the first time ever in history!
Please explain to me, smoke and mirrors aside and after we put away this less-than-significant 5K credit carrot he's waving, how McCain's plan is
better for you, for me, or for anyone? Or is the 5K he's gonna give you a distraction?
tommy_boy,
I am self-insured and have paid at least $156,000 in health insurance premiums, since retiring from the military in 1998, for less than desirable
coverage...And that $156,000 doesn't include the $4,000 per year family deductible or $30 co-payments...
Yes, I could use the military medical benefits, but that plan is limited as well...And co-pays and deductibles exist...And your choice of physicians
is EXTREMELY limited...
No one, during the 10 years that I paid out $156,000, offered me a $5,000 credit each year toward that cost...All I could do was write it off on my
taxes, which I assume will still be the case under McCain's plan...Less the $5K of course...
So, under McCain's plan, in 10 years, if we're still around, I would only pay $156,000 - $50,000 = $106,000...Nice! I saved 32%!
But wait! There's more...since I live in NJ, and choose to stay here, I am paying one of the highest health insurance premiums in the country, for a
very limited plan....
In the states next to me, DE and PA, I would pay HALF the premium for the same plan...
So, now in 10 years it would look like this (And please, I'm not taking into account inflation, rate changes, etc...because I suck at math):
I'll assume that I only pay 60% of my current premium, as that is the cost in PA...
$156,000 X 60% = $93,600 - $50,000 = $43,600!!!!
I just saved $112,400, or $11,240 each year...WOOOTTTT!
That would easily cover that nasty $4,000 yearly deductible and leave some money for the kid's college fund...
So, that's the math....I should also mention that McCain's plan would help the uninsured in America afford some type of health coverage, especially
if they live in a high cost state and can purchase insurance from a low cost state...
If we go to a national healthcare model, which appears to be Obama's plan, it becomes socialized medicine...I lived with socialized medicine for 20
years and it sucks...Also, I have friends from overseas who fly into the U.S. to have operations because under their state-run health plan they would
have to wait six months for an appointment with their specialist...
Now, on to a different note...
Biden has been a senator AND governer in the state of Delaware for more than 30 years...
So, who do you think passed those "lenient laws regarding credit cards" to entice those same "really, really big banks" to incorporate in
Delaware?
My guess would be Senator Biden....
Which state has the most banks who issue credit cards with teaser rates, which get people in financial trouble , which is part of the reason they
default on their mortgage?
My guess is Delaware...
But wait...Obama/Biden are AGAINST big business...and want to help "Main Street" rather than "Wall Street"
Come on...Poilitics as usual...on both sides.