Whitney Tilson's Blog on Barack Obama's Presidential Candidacy

I've been a supporter of Barack Obama since I first heard him speak in June 2004 -- that very night, I emailed my friends and family that I'd met the first black President. For more on my thoughts on Obama and why I'm supporting him, see www.tilsonfunds.com/Personal/Obama. Now that he's running, I'll be following his campaign closely and will post articles of interest and my commentary on this blog. If you want to be on my Obama email list, simply email me at WTilson@tilsonfunds.com.

Wednesday, September 17, 2008

McCain's Radical Agenda

This spot-on Op Ed by Herbert not only nails the insanity of McCain's health care plan (TAX employees' health care benefits?!?!?!?)...

According to the study: “The McCain plan will force millions of Americans into the weakest segment of the private insurance system — the nongroup market — where cost-sharing is high, covered services are limited and people will lose access to benefits they have now.”

The net effect of the plan, the study said, “almost certainly will be to increase family costs for medical care.”

Under the McCain plan (now the McCain-Palin plan) employees who continue to receive employer-paid health benefits would look at their pay stubs each week or each month and find that additional money had been withheld to cover the taxes on the value of their benefits.

...but also the Republican all-government-is-bad, all-private-market-is-good view of the world (correctly pointing out that the mess on Wall Street and the MILLIONS of Americans losing their homes is a direct result of this mindset):

The whole idea of the McCain plan is to get families out of employer-paid health coverage and into the health insurance marketplace, where naked competition is supposed to take care of all ills. (We’re seeing in the Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch fiascos just how well the unfettered marketplace has been working.)...

In a refrain we’ve heard many times in recent years, Mr. McCain said he is committed to ridding the market of these “needless and costly” insurance regulations.

This entire McCain health insurance transformation is right out of the right-wing Republicans’ ideological playbook: fewer regulations; let the market decide; and send unsophisticated consumers into the crucible alone.

You would think that with some of the most venerable houses on Wall Street crumbling like sand castles right before our eyes, we’d be a little wary about spreading this toxic formula even further into the health care system.

But we’re not even paying much attention.

------------------------
September 16, 2008
Op-Ed Columnist

McCain’s Radical Agenda

By BOB HERBERT
www.nytimes.com/2008/09/16/opinion/16herbert.html
 
Talk about a shock to the system. Has anyone bothered to notice the radical changes that John McCain and Sarah Palin are planning for the nation’s health insurance system?

These are changes that will set in motion nothing less than the dismantling of the employer-based coverage that protects most American families.

posted by Whitney Tilson at 6:21 PM

0 Comments:

Post a Comment

<< Home

About Me

Name: Whitney Tilson

View my complete profile

Previous Posts

  • School reformer for Obama
  • Rove: McCain went 'too far' in ads
  • New Obama ad
  • Palin Tells Debunked Teleprompter Tale
  • McCain wrong on Palin earmarks
  • Why Experience Matters
  • Forman thoughts on how to get involved
  • The Wal-Mart Frontier
  • Ltr to editor
  • Hedge Fund Guy Single-Handedly E-Mails Obama To Vi...

Powered by Blogger