Friday, August 03, 2007

The Giuliani Health Plan

It sounds remarkably similar to the Bush health plan. In particular,
Americans without employer-based insurance, or those who would rather have individual coverage, should enjoy the same tax benefits as the 175 million Americans with employer-based coverage. We can do this through a new tax-free income exclusion up to $15,000 for Americans without employer-based coverage. Any amount a family pays less than $15,000 -- for individuals, less than $7,500 -- could be put tax-free into a Health Savings Account. This would create a powerful incentive for more Americans to own their private health insurance -- making it portable instead of dependent on an employer.
In case you forgot the Bush plan and the generally favorable reaction it got from serious commentators, click here, here and here.