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McCain Unveils Health Care Plan

October 11, 2007, 8:48 AM

McCain Unveils Health Care Plan
Republican presidential candidate John McCain's health-care proposal seeks to give people more options and save money through increased competition.

In remarks prepared for a speech today in Des Moines, McCain says America is "approaching a 'perfect storm' of problems" that could destroy the health-care system if not addressed by the next president.

His plan would allow consumers to buy health insurance nationwide, instead of being limited to in-state companies. People could keep their health care as they change jobs and they would be covered between retirement and Medicare eligibility.

McCain also wants to allow cheaper generic versions of drugs into the U.S.

McCain aides aren't providing a pricetag and acknowledge the plan would take time to implement. To help pay for it, they say McCain would end a provision in the tax code that lets employers deduct the cost of health care from their taxable earnings.

He's scheduled to speak at Hotel Fort Des Moines at 11:45 a.m.

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