Here is a low down on both plans.
Obama's plan-
Regulatory approach- Protect the Consumer
Security of coverage- No one denied
Change in family health spending -Savings of 2, 500 a year per family
Use of Funds-Money Save reinvested in coverage
Change in employer-sponsored insurance- Additional 10 million enrollees
Change in overall coverage- Projected 98 to 99% increase in coverage
Impact on job creation- 90,000 jobs
Total cost= $50 to 150 billion a year
McCain's Plan
Regulatory Approach- Deregulate, like banking
Security of coverage- The sick may be denied coverage
Change in family Health Spending- no change
Use of funds-Money saved used to fund high-income tax cuts
Change in Employer Sponsored insurance- Loss of 20 million
Change in Overall Coverage- No increase in coverage
Impact on job creation- Not estimated
Total Cost- 130 Billion a year on average 2009-2019
