Well, looking at the tax plan as on the John McCain site (and this is the part of the health plan I have a problem with), the tax credit goes to the insurance company.
The McCain site says the following:
John McCain will tax health care benefits for the first time and send the money straight to the insurance companies.
The credit goes to the insurance company that the America family chooses to get coverage from, anywhere in the nation.
Now, honestly, I don’t understand the different between the “fiction” and the “fact”. Isn’t is still going to an insurance company?
Further down, it elaborates:
Under the McCain Plan American families will not only decide where the tax credit should be directed for their coverage needs but any additional money left over after purchasing coverage will be controlled by the family in a portable health savings account.
If that’s so, it’s better, but does that health savings account roll over from year to year? If not, then the leftover money is gravy for the insurance company.
Hang on, let me click on this “Learn More” thing (which takes me here).
Doesn’t say there, either.
Anyway, it’s $2500 per year for individuals or $5000 for families, so that two-working-parent-family in your last paragraph only gets $5000, not $10,000. I don’t have my health care info with me, so I don’t know if $2500 would be a good deal for me or not, much less for you, or for that family.