1- McCain wants to end employer-subsidized health care, or, absent that, tax the benefit as income.

2- In exchange, he would grant a $2,500/$5,000 tax credit (payable to the insurance company, not the taxpayer).

3- A decent health insurance policy costs a family at least $12,000 for benefits similar to what is received from the typical employer.

4- That leaves a family paying at least $7,000 more out of pocket, per year, than under the present system.

5- Many families who are currently insured, thanks to employer-subsidized health care, would be unable to afford the additional out-of-pocket cost of coverage.

6- Insurance companies would be incentivized to move to states with the least regulation and least mandatory comprehensive coverage, just as the credit industry did in order to maximize chargeable interest rates in the 80s and 90s.

7- McCain’s plan doesn’t require coverage for pre-existing conditions, nor does it require a company to accept all comers.

8- The cost of health care may decline for the young and healthy, but older workers and those with chronic illnesses would see their premiums go through the roof.

9- Some analysts estimate 20,000 people would lose coverage under McCain’s plan, while 21,000 new customers would gain coverage. That’s only a net of +1,000,000 people covered.

10- Deregulation didn’t work well for the banking industry; what makes you think it would work any better for the insurance industry?