Wednesday, October 10, 2007

McCain's health insurance plan

McCain's health insurance plan "sounds" like a very good plan. The first plan that I thought, "Wow, cool!". I've posted a few times on this blog, about different states having much higher prices than other states. Some prices of health insurance vary per state in the thousands, depending on what state you live in. Just as an example, you may live in State A and pay $4k for health insurance, but if you live in State B you may only pay $1k.

The Associated Press reported that he wants to allow people to buy health insurance nationwide instead of limiting them to in-state companies. Does this mean that if you live in State A and get your health insurance from a State B insurance company you will get a cheaper rate? Maybe. Maybe not. They may still require you pay more because of what state you live in, but maybe not. It's an idea worth considering and worth mentioning. He has a few more ideas about health insurance, but it sure would be nice for him to focus on that 1 key point, and expand more on it. I look forward to hearing him debate this plan.

What he didn't address was that laws in certain states are the reason for the high costs. Some states do not allow insurance companies to use age as a factor to determine costs, as well as require them to insure everybody. If he can address this issue about why costs would still go down, I'd love to hear it.

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