Economists Views on Obama and McCain's Insurance Plans

Top economists reviewed McCain and Obama's health insurance plan proposals, and their verdict is that neither will work. The economists say neither plan will do Americans any good, this is reported by the Associated Press and The Washington Times.

Under Senator McCain's reform plan, workers would be pushed out of the employer-based health insurance system - around 20 million, estimates these economists. McCain's plan does allow people to purchase individual health insurance across state lines, which will result in about 21 million obtaining coverage.

The critique says that the $2500-$5000 tax credits that McCain will provide will not offer savings because when the premiums increase and coverage is lowered, Americans won't be able to get ahead. Economists basically concluded that McCain's plan would not help reduce the uninsured Americans numbers.

The three economists grading the plans say that Obama's plan is not any better. His plan that required employers to provide employees with health care, would be costly to the government, and probably quicken inflation.

It would also result in pay cuts or job loss. We are not experts, but the reports do seem a bit cynical.