Wednesday, September 17, 2008

McCain Wants to Eliminate Employer-Paid Health Insurance

Here's the article in the NYTimes.

Another article in the NYTimes.

Apparently, McCain's idea is to:
...get families out of employer-paid health coverage and into the health insurance marketplace, where naked competition is supposed to take care of all ills. (We’re seeing in the Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch fiascos just how well the unfettered marketplace has been working.)
The article gives a few reasons why this is a horrible idea. I think something not mentioned is that many people take or keep a specific job primarily for the health insurance. This radical change could significantly alter the dynamics of our job market in unpredictable and possibly devastating ways.