Wednesday, October 29, 2008

ONE STATEMENT, ANOTHER BLOW TO THE FREE MARKET FAIRY

McCain's health care plan doesn't make much sense and even his senior economic adviser realizes that(h/t John Amato at Crooks & Liars):

Election: Your health insurance at stake
McCain and Obama have vastly different views on the future of employer-sponsored health insurance. Either one could bring big change.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: October 28, 2008: 8:05 AM ET

Experts, however, fear that eliminating the tax advantage of employer-based coverage would prompt younger, healthier workers to leave their office plans. If that happened, costs for the remaining workers could skyrocket. Companies may drop coverage altogether.


Younger, healthier workers likely wouldn't abandon their company-sponsored plans, said Douglas Holtz-Eakin, McCain's senior economic policy adviser.

"Why would they leave?" said Holtz-Eakin. "What they are getting from their employer is way better than what they could get with the credit."

Holtz-Eakins admits here that the employer-sponsored system provides and will continue to provide better health care options than the free market solution offered by McCain.

Scoreboard:
Reality 1
Free Market Fairy NIL

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