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Wednesday, October 8, 2008  

McCain and Palin Offer Details of, and Defend, Health Plan in Florida

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After promising not to affect coverage for senior citizens, John McCain announced on Tuesday that he is changing his stance. His new plan will cost the Medicaid/Medicare program $1.3 trillion.

During Tuesday night's presidential debate, Obama repeatedly chided the McCain plan's trillion dollar discrepancy. Obama called him out and demanded to know where the funds were coming from.

So where will the money come from? Low-income families and seniors will have drastically limited health care under this plan, according to The Wonk Room.

But how bad can it get? Try a projected 13% cut in both federal Medicaid and Medicare spending, with domino affects at the state levels- causing programs like the State Children's Health Insurance Program to lose funding.

And, finally, if McCain's plan was adopted as-is, we could expect to see private health insurance premiums skyrocket. Why? Cuts to federally funded medical programs lead to health care providers charging more for their services, in turn causing private insurance to hike premiums to offset the costs.

It's no wonder McCain shied away from explaining his health plan in detail. Perhaps expecting a backlash, his vice presidential running mate was in Florida trying to ease the minds of the state's senior citizens Tuesday evening.

Even with Palin's assurances, if this plan were to take affect the state would surely see an increase in the astounding 20% without Florida health insurance.

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