Healthcare Industry News > John McCain released details of his own health care plan

John McCain released details of his own health care plan

Potential Republican presidential nominee John McCain released details of his own plan to address the problems of the U. S. health care system while he was campaigning in Iowa on October 11th. According to McCain's plan, Americans would be given a tax credit as an incentive to purchase private health insurance. That credit would be $2,500 for individuals and $5,000 for families.

McCain admitted that changes were needed because of the vast number of problems plaguing the system which could lead to an implosion if not addressed. Besides the tax credits, McCain also wants to open up health care markets nationwide so for-profit insurance companies would not be restricted to offering their policies in only specific regional areas. Families and individuals would have more health insurance policy options and more competition among policies would be available.

McCain's plan is quite different than the plans proposed by other potential presidential nominees. Democratic hopeful Hilary Clinton, for example, has announced a plan that would require providing health insurance to all Americans.

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