OBAMA LYING ABOUT MCCAIN HEALTH PLAN

Among the canards promulgated by Barack Obama’s increasingly desperate presidential campaign is that John McCain has gone through a sudden and shocking metamorphosis. The ”once-principled” Republican (i.e. one willing to supinely accept defeat) has somehow become a pathological liar.

This nonsense is, of course, being robotically repeated by all of the usual Obamatons. Yet, with the laudable exception of Andrew Sullivan, none of these people seem to notice any of Obama’s stretchers. Nonetheless, they are there for those who have eyes to see.

Among the most brazen of Obama’s whoppers is the one he keeps telling about McCain’s health care plan. He is aggressively peddling the false claim that McCain wants to tax everyone’s health benefits. Not even CBS News could let that pass. In the following segment, they provide the facts:

As the report points out, McCain’s plan would actually result on a tax reduction for everyone but the very rich. The average tax cut would be about $1,200 in 2009. Moreover, the reforms McCain wants for the health insurance market would reduce the overall costs of coverage.

So, the bottom line is that Barack Obama is deliberately and repeatedly lying about McCain’s health care plan. Unfortunately, only a few observers are pointing out the truth, and a lot of people who normally don’t fall for this kind of BS have swallowed this particular canard.

But, hey, I’m sure all those righteous souls who seem sooooooo outraged by McCain’s dastardly lies will sound the alarm on Obama’s prevarications as well, right?

Comments 3

  1. Bill Jempty wrote:

    Lets do some math

    Average cost of family health insurance premiums is 12,000 a year approximately, 8,800 is paid by the employee.

    The basis for those figures I’m using comes from here.

    http://www.kaisernetwork.org/daily_reports/rep_index.cfm?DR_ID=47450

    Say the employee gets his own family insurance after the McCain proposal. Its cost- 10,000

    A family in the 25% tax bracket will now pay 2,200 for what was non-taxable.

    Then an extra $1,200 in increased insurance premiums.

    That 8,800 is now subject to SS and medicare taxes. That’s another 673

    State income taxes, I’m only guessing because Florida has no such tax. Say 3% on the 8,800. That’s 260 a year.

    I have the figured tax savings at $673. Then remember insurance premiums increase on average 5% a year. That figure will erode and eventually become a tax increase. Congress can make adjustments, but since have they adjusted the Alt. Minimum tax or the maximum amount of capitol losses allowed in a calendar year.

    BTW what about the SS tax increase employers will have to undergo because of how the taxability is changed. They will have to pay an average of $673 on every employee whose benefits are now taxable. For a big corporation, that will add up fast. Will some drop employee health plans as a result?

    That will leave some people with chronic medical conditions paying through the nose for insurance, if they can get it at all. Obama’s tens of millions may be off, but millions will be paying more as a result of McCain’s tax proposal. BTW I am skeptical of any such reform, not with a Democratic congress.

    Bill

    Posted 18 Sep 2008 at 7:58 pm
  2. Catron wrote:

    I appreciate your comments, Bill, but I do take issue with some your facts and assumptions.

    For starters, on the amount paid by the employee, your $8,800 figure is refuted by your own link. The KFF policy report clearly says, “Annual premiums for family coverage averaged $12,106 in 2007, with employees on average paying 28% of the cost, or $3,281.”

    Using your own 25% hypothetical tax rate, the increased federal tax burden on the $3,281 would be $820, and it is by no means clear that your assumptions concerning SS, Medicare, and state taxes are valid. After this thing winds its way through Congress, it is more than likely (as the guy from the Tax Policy Center indicated) that the average employee would probably wind up with a net decrease in his tax liability.

    Your argument also assumes that health insurance premiums will remain at current levels or increase. But if McCain’s proposed reforms relating to benefit mandates and interstate purchase of health policies are inacted, premiums will almost certainly drop precipitously.

    As to the people with chronic medical conditions, this is something a red herring for purposes of the tax discussion, but McCain’s plan (and legislation recently put forward by Rep. Jeff Fortenberry) would bolster state-run high risk pools that will largely resolve that problem.

    Posted 18 Sep 2008 at 9:30 pm
  3. Matt Horn wrote:

    Hi Catron, I have to agree with most of the assertions put forth by Bill. I don’t think the wholesale conversion proposed by McCain is a viable option. That said, there are some good reforms in his package that I would like to see implemented. As it stands his proposal would only work if we federalize insurance departments into a national agency. That alone scares the bejeesus out of me. While I agree that the numbers are a little skewed, his analysis is sound, and I think we would see the negative impact fairly quickly.

    Of course, the Obama plan is a bad move as well, but we all know that.

    Posted 19 Sep 2008 at 9:02 am

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