John McCain wants to blow up insurance regulations

Getting health insurance across states lines is a way to circumvent and undermine the regulatory process of states.

Besides that $5,000 in refundable tax credits for a family is going to do little when it costs $12,000 on average according to the Kaiser Family Foundation and I am quoting from the Insurance Journal (industry publication not some liberal place).

The 6.1 percent average increase this year was the slowest rate of premium growth since 1999, when premiums rose 5.3 percent. Since 2001, premiums for family coverage have increased 78 percent, while wages have gone up 19 percent and inflation has gone up 17 percent.

The average premium for family coverage in 2007 is $12,106, and workers on average now pay $3,281 out of their paychecks to cover their share of the cost of a family policy.

“We’re seeing some moderation in health-cost increases, but premiums for family coverage now top $12,000 annually,” Kaiser President and CEO Drew E. Altman, Ph.D. said. “Every year health insurance becomes less affordable for families and businesses. Over the past six years, the amount families pay out of pocket for their share of premiums has increased by about $1,500.”

-Josh

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