The Council for Affordable Health Insurance released a study today, which compares the Kerry and Bush health care proposals. Some conclusions:
President Bush — whose plan is estimated to cost about $90 billion over 10 years — supports reforms that would energize the private health care system, lead to more people having access to affordable health insurance and reduce the number of uninsured. But some of his other proposals would expand government programs, which already account for about 50 cents of every health care dollar spent in the U.S. — and that’s before the new Medicare drug benefit goes into effect in 2006.
Sen. Kerry’s proposal — estimated at $653 billion over 10 years (down from an original estimate of more than $900 billion), which he says he can pay for by rolling back the Bush tax cuts for those making more than $200,000 a year— would, generally speaking, take the opposite approach. Part of his plan would expand heavily regulated private, employer-provided coverage under the FEHBP, and it would also open the door to even more government involvement in the health care system. More importantly, he supports eliminating the recently passed Health Savings Accounts, imposing price controls on prescription drugs, importing drugs from other countries and expanding the new Medicare legislation, making it even more expensive that it already is — and it’s already projected to cost more than half a trillion dollars over 10 years.
This is good stuff for those interested in the future of health care policy and those who weren't even sure either candidate had any plans.