creating a new national plan. Private insurance coverage would decline by
21.6 million people under the Obama proposal, as employers and
individuals shift to a new lower-cost national plan.
3. Under the McCain plan, families will save an average of $1,411 per year,
reflecting that the tax credit will generally be larger than the income
taxes paid on employer sponsored benefits. Families will save an average
of $426 per year under the Obama Plan.
The candidates' plans differ sharply on the regulation of insurance. The Obama plan requires insurers to offer guaranteed issue coverage for all applicants and prohibits the use of health status in setting premiums for employers and individuals. The McCain plan enables individuals and employers to purchase coverage from a state permitting the use of health status in setting premiums, even though they live in a state that now limits or prohibits the practice. The McCain plan then provides federal subsidies for high-risk pools that would be available to those denied coverage due to health status.
The Lewin Group Compares Key Findings of the Candidates' Plans
Reduction in Uninsured (2010) 21.1 million 26.6 million
Percent Reduction in Uninsured (2010) 43.1% 54.4%
Total Federal Net Expenditures
(2010-2019) $2.05 trillion $1.17 trillion
State Net Expenditures (2010-2019) -$535.3 billion -$353.5 billion
Change in Employer Health Spending
(2010) -$40.2 billion $2.0 billion
Change in Privately Insured (2010) 26.5 million -21.6 million
Change in Public Coverage (2010) -5.4 million 48.3 million
Change in Annual Family Health Spendin
|SOURCE The Lewin Group|
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