This is no surprise. Senator McCain simply has NO health care plan. It's nothing but more of the same wild west free market bs. Mark Wilson wrote a good article recently about how McCain's health care plan is dead on arrival (DOA):

http://demockracy.com/category/policy/health/

Update America:

Investors Flee From 'Change' Obama Hypes
By JACK KEMP AND PETER FERRARA | Posted Monday, October 27, 2008 4:30 PM PT
Are Barack Obama's proposed tax increases adversely affecting our financial markets? We say yes, unambiguously. The senator has done a masterful job distracting attention from his tax increases with his $500-per-worker tax credit supposedly for 95% of Americans.
Obama has also set forth more than half a dozen additional refundable income tax credits targeted to low- and moderate-income workers for child care, education, housing, welfare, retirement, health care and other social purposes.
These tax credits are devised to phase-out based on income, which will ultimately increase marginal income tax rates for middle-class workers. In other words, as you earn more, you suffer a penalty in the phase-out of these credits, which has the exact effect of a marginal tax rate increase. That harms, rather than improves, the economy.
With the bottom 40% of income earners not paying any federal income taxes, such tax credits would not reduce any tax liability for these workers. Instead, since they're refundable, they would involve new checks from the federal government.
These are not tax cuts as Obama is promising. They are new government spending programs buried in the tax code and estimated to cost $1.3 trillion over 10 years.
Obama argues that while these workers do not pay income taxes, they do pay payroll taxes. True, but his planned credits do not involve cuts in payroll taxes. They are refundable income tax credits designed to redistribute income and "spread the wealth."
Meantime, Obama has proposed effective tax increases of 20% or more in the two top income-tax rates, phasing out the personal exemptions and all itemized deductions for top earners, as well as raising their tax rates.
He wants a 33% increase in the tax rates on capital gains and dividends, an increase of 16% to 32% in the top payroll tax rate, reinstatement of the death tax with a 45% top rate, and a new payroll tax on employers estimated at 7% to help finance his health insurance plan. He's also contending for higher tariffs under his protectionist policies.
Finally, he would increase corporate taxes by 25%, though American businesses already face the second-highest marginal tax rates in the industrialized world, thus directly harming manufacturing and job creation while weakening demand for the dollar.
Obama argues disingenuously that his tax increases would only affect higher-income workers and "corporate fat cats." But it is precisely these top marginal tax rates that control incentives for savings, investment, entrepreneurship, business expansion, jobs and economic growth. While he wants to tax the rich, the burden will fall on the poor and the middle class.

In their new book, "The End of Prosperity," Art Laffer, Steve Moore and Peter Tanous argue that the threat of this tax tsunami is already destabilizing our financial markets and causing capital flight from America.

They write, "Hot capital is escaping over the borders out of the United States and flowing into China, India, Europe, and even Japan. . . Starting in late 2007, foreigners started pulling their money out of the United States, and Americans started investing more abroad. Global investors are losing confidence in the U.S."

The American economy was in shambles when Reagan entered office in 1981. Inflation had soared by 25% over the prior two years, unemployment was heading toward 10%, the prime interest rate hit 21%, poverty was on a 33% upswing and real family income had decreased by almost 10% due to the stagflation of the late 1970s.

Reagan cut the top income-tax rate from 70% to 50%, adopted an additional 25% across-the-board rate cut and sliced capital gains taxes in half. The 1986 tax reform left us with just two tax rates of 15% and 28%. Reagan slashed spending growth, lowered tariffs, reduced regulatory burdens and promoted anti-inflation monetary policies.

The result, the authors explain, was actually a 25-year, noninflationary economic boom, with only two brief, mild recessions in 1990 and 2001. "We call this period, 1982-2007, the 25-year boom — the greatest period of wealth creation in the history of the planet," they write. "Adjusting for inflation, more wealth was created in America in the 25-year boom than in the previous 200 years."

By 1989, the economy had grown by almost one-third, the equivalent of adding the entire economy of West Germany to our U.S. economy. In 1984 alone, real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created in the 1980s, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.

Spectacularly, inflation was slashed to 3.2% by 1983. The prime rate fell to 6.25% by 1992, even though opponents had argued that Reagan's tax cuts would increase interest rates. Family income reversed its decline, poverty reversed its rise and tax revenues actually doubled.

This is the "Change We Need" today.

http://www.ibdeditorials.com/IBDArticles.aspx?id=309998514066924

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IBD Tells It Like It Is. Obama is NOT the answer.

Update America:

A look at Obama’s National Health Care Program that was tried in the United States and around the world.

http://www.capmag.com/article.asp?ID=4972

http://www.angelfire.com/pa/sergeman/issues/healthcare/socialized.html

Obama will use you, the Middle Class taxpayer, to test his misguided thoughts on how to run the United States. I hate to tell you Obama supporter’s that all of Obama's thoughts have been proven NOT to work to benefit the people.

Obama Gives Healthcare A Big Pain

Yaaah, what's the fuss? As McCain said under his plan every family gets 5K creidt. if you don't have coverage you purchase coverage...if you have it at work, you keep it and use the 5K credit for add'l bills. What am I'm missing? The question to the McCain aide was 'would people be better off taking the 5K instead of their employer sponsored health coverage?' And, he said the obvious answer - no. Please explain how is this worse than government sponsored health care where you don't choose your own doctor, or can't not even find a specialist, since they won't exist anymore and pay between 10K-100K more in taxes to cover Obama's health care? First it's "wealth" of $250, then this weekend it was $200, now Biden says 150. People need to realize the rich won't bat an eyelash under Obama - it's the upper middle class to affluent who are sunk under his plan.

I remember Holtz-Eakin, he's the one who claimed McCain created the Blackberry. Now he ADMITS that McCain's health plan will not be preferable to what people already have? This campaign is coming apart at the seams. Meanwhile, Palin is still drawing bigger crowds, stirring more enthusiasm, and yes "going rogue" on McCain. His bad decisions are really coming home to roost.

John McCain is fond of repeating the patently false assertion that Barack Obama would “raise taxes on the middle class.” FactCheck.org has had to re-iterate that Obama’s tax plan would absolutely not “raise taxes on the middle class,” unless people in the “middle class” make over $250,000 a year. Even though the ads have been thoroughly debunked, McCain continues to repeat this claim, which is not just an opinion, and not just “spin,” but an outright lie. In no way will an Obama tax plan raise taxes on the “middle class.” McCain knows this, and yet he continues to say that Obama’s tax plan will raise taxes on the middle class.
Ironically, McCain is himself preparing a tax on the middle class — in the form of his health care proposal. McCain, of course, wants to work within the broken confines of the broken health care system. This is his plan for “reform,” but to borrow a phrase from Barack Obama, McCain’s health care plan is still a pig wearing lipstick. There is no real reform: no attempt to bring costs — which have doubled (doubled!) since 2000 — down; no attempt to utilize the government’s bargaining power to get deals for patients; no attempt to get health insurance for people who are denied due to “pre-existing conditions.” McCain’s plan is this: throw a $2500 tax exemption ($5000 for families) at consumers and tell them to go get their own health care.
That’s it. Here’s some money, let The Market work things out.
The problem — as I’ve often said in the past — is that health care does not operate according to the Invisible Hand, since the respective interests of the health care provider and the health care customer are mutually exclusive. The insurer (provider) wants to provide the least amount of health care for the most amount of money. The customer wants to obtain the most amount of health care for the least amount of money. People who get health insurance through their companies get a break, since they get group rates. Because there are so many people in the insurance pool, the average cost of health care per person can stay low, and the pool can absorb the hit if any member of the group needs to cash in on that health care.
McCain isn’t even proposing that. Literally, he wants you to get your cash, go down to the UnitedHealthCare office, and sign up for a plan all on your own. No group discounts. No nothing. Regular retail price. Health care premiums in Ohio start at $300 per month. Even The Wall Street Journal agreed that John McCain’s health care plan was outrageous.
At the same time, McCain wants to tax the money that employers contribute to their employees’ health insurance:
The value of the typical plan provided by an employer to a family is $12,106, of which the employer pays $8,824, and the worker pays the remaining $3,282. The median household income is $44,389, which places most American families in the 15 percent income tax bracket.
McCain wants to add the employer’s cost — an additional $8,824 — to that middle class family’s income, then tax it. The hit to the average family is 15 percent of the McCain-added income — $1,323 more in income taxes.
This new tax would affect the 158 million Americans who are insured through their employer.
Now there’s a tax on the middle class! The Hill Blog goes into a little bit of conspiracy theory, though:
So if you choose to remain with your employer-based insurance, there’s no guarantee that you’ll ever see any benefit from that $5,000 payment. In addition, giving young healthy workers $2,500 to buy insurance on their own, where it won’t be taxed, will encourage them to leave employer-based plans, quickly raising the costs for everyone remaining and thus eliminating benefits of the tax credits.
Republicans love to complain about how ineffective a particular agency or program is, intentionally staff that agency with idiots, and then, when the idiot-staffed agency messes up, point to that agency and exclaim (loudly enough for the cameras to hear), “See?! I told you that the government doesn’t work! Now, the private sector, that would have done things better!” Then, they outsource the previously government-provided benefit or service to a private company, most likely run by the personal friend of someone high up in the government.
The end result of the situation described in the blockquote above is that private health insurance companies would find their coffers pregnant with the cash generated by individuals buying insurance at the retail price rather than the discounted group rate. Why settle for getting income from group discounts when you could goad your consumers into paying full price?! That’s what I call reform.

I thought the first step in our health care crisis was to get the uninsured coverage, get them out of the emergency rooms for every day needs,drug availability plus help with life severe illiness. The only way to do what Obama really wants to do is the federalized the entire medical industry in our country. This type of approach would include medical schools, doctors,hospitals,drug manufacturing and distribution,rehabilitation facilities,loss of state control of oversight on the medical practices, price setting and an increase in our taxes on the way to socialism medicine. Even with Congress in his pocket do anyone feel they would go along with such a dramatic approach.

you said"IBD Tells It Like It Is. Obama is NOT the answer." But what is worse is Mccain in not but a long shot REAGAN.. The same sky is falling forcasters that are trashing Obama's plans were saying that the sky is falling when Reagan was working on changing the economy. Will Obama's plans work.. unknown until they are put in place and given an oportunity to work.

McCain's health "plan" to fix the health care crisis is a joke. It's like invading Iraq to get Bin Laden. Not only is it not a fix it will screw up the employer-based plans that do semi-function right now. We've had enough of bumbling leaders who say they're fixing problems while spending lots of money to make our lives worse. With the BushGOP solutions the net benefit always ends up flowing exclusively to the superrich and large corporations.
Don't be fooled again!
Obama/Biden '08

for all of you, please call 3 or 4 different health care plans, what you will average is for a single plan averaging 450-650 monthly, If you are going to get something without a 1500-2000 deductible you will pay around 600 monthly multiply that by 12 you still will owe around 2200 yearly, now for a family averaging 1100 a month, without the high deductible the low 750 with a high deductible, do the math, $5000.00 isn't a whole lot to go toward insurance. The more folk in a plan the better the rates are, and what appeals to me most, based on this is my line of work, OBAMA said, we could get the same plan that Congress has, so copays are low and no deductibles, I will advise you to call.

The fact is, my friends, that when you tax corporate American through the roof, they just lay off workers or pass it along to the consumer creating a bigger mess. Having jobs for people will always benefit over welfare programs for the poor. Just the facts, folks, whether you like it or not....

Obama will create more jobs....yea, government jobs....

Corporate America will be forced into more layoffs affecting your friends and neighbors....and maybe you...

To no obama,

I work full time for a small company and I work hard, but under McCain's plan I will probably lose my group plan since as a small company without tax incentives it makes no sense for my employer to continue to offer coverage. The coverage I will get with 5K will be significantly less than I get with my group plan which already has high deductibles that keep me from going to the doctor when I should. This would probably keep me from getting preventive and wellness care altogether putting me at higher risk for catastrophic illness. That would be me and 20 million other people just like me. That is going to drive up medical costs, not drive them down, and good luck getting the government to keep up with the growing costs with these tax credits.

Also, Obama's plan is not and has never been "government sponsored". You keep your company sponsored insurance if you have it and you keep your doctor. Otherwise you get a group plan, just like your employee sponsored plan, which is price negotiated by the government instead of your employer (no difference) and subsidized only in the case of under-insured children. In that plan you also keep your preferred doctor.

We all need to know the facts. Just Google McCain Healthcare Plan and Obama Healthcare Plan and you'll find articles both for and against both of them that will explain it with more honesty and less spin than either candidate's campaign propaganda ever will.

KP: "The fact is, my friends, that when you tax corporate American through the roof, they just lay off workers or pass it along to the consumer creating a bigger mess."

The thing I don't get is when did Republicans get so business dumb?

When you tax corporations, they look for ways to limit profits while pursuing future growth - things like expanding workforces, etc.

Now when you tax them through the roof, they can't limit profits enough, and you force them out of business.

However, setting tax rates about where Reagan had them isn't exactly "taxing them through the roof."

So I repeat the question. When exactly did Republicans become business dumb? You guys used to know business. What happened?

obama is a Radical FRAUD!
This DEM will be VOTING for McCain -
and Millions of Americans feel the same way!

McCain/Palin - we can TRUST them

Molly, I'm glad you feel you can trust McCain and Palin. But to me, McCain has been too erratic and untruthful to earn my trust. Actually he used to have my trust, but he's managed to lose it.

And Palin? Even McCain's own senior staffers are calling her a "wack job" now.

Update America: "Reagan cut the top income-tax rate from 70% to 50%, adopted an additional 25% across-the-board rate cut and sliced capital gains taxes in half. The 1986 tax reform left us with just two tax rates of 15% and 28%."

The FACT is that Reagan taxed capital gains at 28% - the same rate as under Clinton and more than Obama is now proposing to do so. Go ahead, look it up, reality is there for looking at. If your cut-and-paste screed is so obviously misrepresenting this fact, what other exaggerations and half-truths are in there trying to deceive us?

jhw539 - yeah, but Reagan was a socialist. He supported progressive tax rates.

He's not a real American like John McCain and Sarah Palin.

What incentives do companies have to keep providing you with expensive healthcare when they can just dump you and let you spend your 5k to get crappier healthcare.

At least with Obama, the corporations have the incentive that if they don't want to provide you with healthcare, they're going to end up paying the government to provide that healthcare. In that case, I'm pretty sure any business would choose the former and get the hefty tax deductions that Obama will grant to a company that provides their employees with health insurance.

DON'T BE A PAWN! Obama's policies have been TRIED and FAILED. Creating a welfare nation is not going to work. And Universal Healthcare is sssssp - inhale now - a pipe dream. CONSIDER THIS: Incredibly, we have no definitive explanation of why a global financial crisis suddenly materialized just six weeks before U.S. elections. IF SUBPRIME loans hadn't happened in the FIRST place there wouldn't have been PRODUCT to bundle, sell and mutilate. DEMOCRATS headed the FINANCE committees that fought reform. The CRA was “revised” during Clinton’s reign leading to SubPrime abuses—which ultimately ABUSED low-income people. (That's right, they keep you weak and dependent!)
http://www.washingtontimes.com/news/2008/oct/24/whitewashing-fannie-freddie/
Then left-leaning hedge fund operators who profited off Mortgage-Backed-Securities (i.e., THIEVES with offshore accounts to avoid taxes) poured their profits into Obama & the Democrats—who want more government because THEY need jobs! MORE TAXES - MORE GOV'T - MORE JOBS (for them!)
http://www.aim.org/aim-column/soros-bets-on-us-economic-collapse/
Beyond the Dems, Who Is the Economic Meltdown REALLY benefiting?
HAMAS PRAISES OBAMA AGAIN -- and Biden, Too. Ahmed Yousef says that the terrorist group would send Obama a congratulation letter "the moment he will win the election."
AL-JAZEERA FOR OBAMA http://www.aim.org/aim-column/al-jazeera-for-obama/
From The Audacity of Hope: “I will stand with the MUSLIMS should the political winds shift in an ugly direction.”
Before you VOTE please visit: http://www.actforamerica.org/ & see VOTER GUIDE. Act for America is dedicated to educating the West about the spread of radical Islam.