Kerry’s Health Plan

This Wall Street Journal ($) article describes the Kerry Campaign’s health care finance plan. The entire article is well worth reading, and includes the following summary of the plan:

Mr. Kerry has vowed to restore higher tax rates for those earning more than $200,000 a year, yielding about $300 billion in revenue over the next decade. Sweeping estate-tax changes and corporate subsidies are two more targets. But he also is betting — some say unrealistically — that his emphasis on better information technology and disease-management practices ultimately will yield big long-term savings.

. . .He also proposes to have Washington step in to reinsure high-cost patients, and thereby reduce premiums charged to private companies and their workers.

It already makes a striking contrast with Mr. Clinton’s more controlling attempt to revamp the nation’s health-care system 10 years earlier. At the time, nothing less than universal coverage was the president’s goal, which forced the party into a set of employer mandates and cost caps that provoked huge resistance in the small-business community.
By comparison, Mr. Kerry chooses two core social principles: caring for poor children and better sharing the cost of the sickest patients. He never attempts to achieve universal coverage and devotes huge sums to help those trying to keep what they already have.

Leave a Reply