Archive for Health Care

Reverse Robin Hood: Why is John McCain wrong on health care? Think credit cards.

Posted in Read for Yourself with tags , , , , on October 5, 2008 by doubletalkexpress

By Robert Gordon
(Slate.com Monday, May 19, 2008)

Why do most of us send our credit-card bills to South Dakota or Delaware? The answer to that seemingly arcane question illustrates the dangers of replacing state regulation with no regulation at all. It also offers a cautionary tale about a little-understood provision at the center of John McCain’s health care plan. So bear with me for a little history.

Until the late 1970s, South Dakota and Delaware didn’t have an outsized share of the credit-card business. Banks had to obey the interest caps of the states where borrowers lived. So, for example, loans to New York residents were always subject to New York’s limits on interest rates. At 12 percent back then, and with high inflation, these laws sharply limited profits on credit cards.

Then in 1978, the Supreme Court said banks should follow the rate cap in their home states. This meant that as long as a credit-card company relocated to a state with a higher interest-rate limit, the company could lend to borrowers anywhere under that higher limit. Following the court’s ruling, Citibank chairman Walter Wriston offered Gov. Bill Janklow a deal: If South Dakota lifted its rate cap altogether and formally invited Citibank to the state (as federal law required), the banking giant would move its credit-card operations to South Dakota—along with 400 good jobs.

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John McCain Doesn’t Speak For The McCain Campaign

Posted in Accountability, Outright Lies, Watch for Yourself with tags , , , , , on October 5, 2008 by doubletalkexpress

You really have to wonder who is in charge.  In the latest round of McCain vs. his handlers we have John McCain admitting a week ago that his health care plan would in fact tax American families and then we have his spokesman Tucker Bounds saying that is an absolute lie:

Of course we all remember this one where McCain admitted he would consider raising payroll taxes to fix social security only to have his spokesman Tucker Bounds come out to correct him:

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Fact: John McCain Is No Maverick On The Issues That Count

Posted in Accountability, Read for Yourself with tags , , , , , , , , on October 4, 2008 by doubletalkexpress

It turns out Joe Biden, who has known John McCain longer than just about anyone in the senate, hit the nail on the head when he said:

On The Economy:

McCain attacked legislation requiring the federal government to purchase American-made goods as the “worst, most disgraceful aspect of the legislative process in Washington.”
Source: Vote 63, 3/17/05; Vote 83, 5/5/04; Vote 517, 10/26/95

McCain opposed increased funding for job training programs to help displaced workers.
Source: Vote 63, 3/17/05; Vote 83, 5/5/04; Vote 517, 10/26/95

McCain’s economic plan gives Big Oil a $4 billion tax break while 101 million working families get no relief at all. 
Source: Tax Policy Center, Preliminary Analysis Of The 2008 Presidential Candidates’ Tax Plan, 6/20/08Center for American Progress Action Fund, 3/27/08 

John McCain supports tax breaks for companies that send American jobs overseas. This year, we’ve lost more than 600,000 American jobs to outsourcing. 
Source: John McCain 2008, “Jobs for America,”“The McCain Budget Plan,” Washington Post, 7/14/08USA Today, 3/20/08 Vote 63, 3/17/05; Vote 83, 5/5/04; Vote 517, 10/26/95

John McCain will continue George Bush’s tax cuts for the wealthiest Americans while the middle class struggles with stagnant wages and rising prices.
Source: The Washington Post, 7/14/08

On Health Care:

Voted NO on providing $9.13 billion for the Children’s Health Insurance Program (CHIP) [Title I (Sec. 101)]

McCain Looked Out For Tobacco Industry Over American Children. TheNew York Times reported, “Like the other Republican presidential candidates, Senator John McCain opposes the so-called S-Chip bill to expand children’s health care coverage, in part because it widely expands the eligibility criteria and would cost some $35 billion… But what really sets him off is the way Congress proposes to finance the measure, which President Bush vetoed and is facing a veto override vote: an added tax on cigarettes.” [New York Times, 10/16/07]

Voted No to extend rebates for prescription drugs to enrollees in Medicaid managed care organizations. 

Voted No on providing emergency health care and other relief for survivors of Hurricane Katrina.

Voted No on increasing the funding for the AIDS Drug Assistance Program by an additional $74 million. 

Voted No on adding prescription drug benefits to Medicare.

Voted No to protect Social Security surpluses and move Medicare trust fund surpluses off budget to prevent using them for other purposes. 

Voted No to increase access to health care and to protect consumers in managed care plans and in other health coverage.

On Education:

Voted NO on $52M for “21st century community learning centers”. 

Voted NO on $5B for grants to local educational agencies.

Voted NO on shifting $11B from corporate tax loopholes to education.

Voted NO on funding smaller classes instead of private tutors.

Voted NO on funding student testing instead of private tutors.

Voted NO on spending $448B of tax cut on education & debt reduction.

Voted NO on national education standards.

His YES votes are just as bad and show how out of touch he is with the needs of the education system.

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McCain’s Nightmare Health Care Plan – Admits He Will Raise Taxes But That’s Just Scratching The Surface

Posted in Accountability, Read for Yourself with tags , , , , , on October 4, 2008 by doubletalkexpress

From Think Progress:

Last week, during an interview with ABC’s George Stephanopoulos, Sen. John McCain (R-AZ), who has previously promised “not [to] raise your taxes nor support a tax increase,” finally admitted that his health care tax credits would not cover the costs of a comprehensive health insurance plan:

MCCAIN: Actually, my position is that it will be, it will give people actually more money to go out and purchase tax – health insurance on their own and only those with the Cadillac gold-plated health insurance policies today are the ones who might suffer from it. The ones –

STEPHANOPOULOS: So they would see their taxes go up potentially.

MCCAIN: It depends on, on, on what plan they have. But that’s usually the wealthiest people. Ordinary working Americans have the kind of – or an overwhelming majority have the health insurance plans that this tax credit, refundable tax credit, will actually put more money in their pockets for the purchase of health care than what they had before.

Watch (starts about 52 sec in):

 

Progressive Accountability takes a closer look at McCain’s plan:

McCain’s Plan Will Tax Families For Their Health Care Benefits & Force Employers To Stop Offering Coverage For Millions Of Americans

McCain’s Plan Would Remove Incentives For Employers To Provide Health Insurance. According to the New York Times, McCain’s health care plan calls “for eliminating the tax breaks that currently encourage employers to provide health insurance for their workers.” They added that, “His proposal to move away from employer-based coverage was similar to one that President Bush pushed for last year, to little effect.” [New York Times4/30/08]

McCain’s Plan Would Force Patients To “Buy Health Insurance On Their Own.” McCain’s healthcare plan is an attempt to force patients to “buy health insurance on their own instead of receiving it from their employers.” [New York Times5/1/08]

McCain’s Plan “Would Seek To Lure Workers Away From Their Company Health Plans. ”While describing the health care plan proposed by John McCain, The Washington Post wrote, “McCain’s prescription would seek to lure workers away from their company health plans.” McCain would provide families with a $5,000 tax credit to purchase their own health insurance on the free market. [Washington Post4/30/08]

McCain’s Flawed Policy Is Just Like The One Bush Put Forward

McCain’s Health Care Plan Is “Similar To A Proposal Put Forth By President Bush Last Year.” While describing the health care plan proposed by John McCain, The Washington Postwrote, “Sen. John McCain on Tuesday rejected calls by his Democratic opponents for universal health coverage, instead offering a market-based solution with an approach similar to a proposal put forth by President Bush last year.” McCain also proposed health savings accounts, which were “a centerpiece of Bush’s health-care efforts.” [Washington Post4/30/08]

McCain’s “Move Away From Employer-Based Coverage” Resembles Bush’s Failed Plan.In an article outlining McCain’s health care plan, the New York Times wrote, “His proposal to move away from employer-based coverage was similar to one that President Bush pushed for last year, to little effect.” [New York Times4/30/08]

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John McCain Uses Performance of the Financial Industry to Sell His Health Care Plan?

Posted in Accountability, Read for Yourself with tags , , , , on September 20, 2008 by doubletalkexpress

It’s true.  

In an article for the Sept / Oct. 08′ issue of Contingencies Magazine titled Better Health Care at Lower Cost for Every American, John McCain writes:

Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.

This just shows how aligned John McCain is with the failed Bush / Republican economic policies of deregulation.  It also just further discredits his claim that he some how saw this crises coming and tried to warn us all back in 2006 but no one listened.  I mean earlier this month he’s bragging about the success of the deregulated banking industry?  And this is the type of model he wants to use for our health care system?