Presidential elections in the USA and insurance
Comments(2) Our own Canadian elections are more actual topic now, however, I would like to point at our south neighbour. Why? Because as a Toronto life insurance broker I believe it can have a huge impact on American health insurance market and it can influence many insurance companies, also active in Canada.
As most of you may know, health care has been one of the hottest politic topics in last months in the USA, mainly ignited by Michael Moor’s documentary Sicko. Both candidates offer quite different solution. Obama’s strategy counts on an employer mandate, new public and private insurance programs, and regulation, while McCain’s plan continues promoting private insurance with a help of tax bonuses.
Especially Obama’s plan can significantly change insurance market conditions and distract millions of people from getting private health insurance. Democrats are aften calling Canada as an example of well working single payer health care. But are we a really good example, when talking about health care?
