Since I just posted this in another thread, I decided to copy it here so people could see the basics. There is more on mental health, aids, R&D and costs at the link below. The reason I like buying into the federal plan is because it won't be labeled as socialized medicine.
In a new compact with the states, the Federal government will pick up the cost of Medicaid coverage for children in exchange for automatic enrollment of all school children eligible for the Children's Health Insurance Program. Eligibility for coverage will be extended to 300 percent of poverty-level incomes for children, and coverage will be extended to the six million single and childless adults who are uninsured and live below the poverty line. Independent experts estimate that the Kerry plan will cover 99 percent of America’s children.
Nine million Federal employees get health care through the Federal Employees Health Care Benefits program (FEHBP), which offers a wide range of plans with good benefits. The Kerry plan will allow every American access to this system. With tax-based incentives to employers and tax credits to individuals and the self-employed, the Kerry plan will ensure that this coverage is affordable.
By joining the new Congressional Health Plan under Kerry’s plan small businesses will be able to provide more affordable coverage. Kerry is also proposing refundable tax credits up to 50 percent of coverage to small businesses and their employees to help subsidize the cost of health insurance.
John Kerry believes that when you lose your job you shouldn't lose your health care. That is why he is proposing a 75 percent tax credit to assure workers can keep their health insurance between jobs.
In 2001, only 4/10 of one percent of private insurance claims were for individuals with health expenses in excess of $50,000. However, these claims accounted for nearly 20 percent of medical expenses for private insurers. Under Kerry’s proposal companies and insurers that guarantee a pass-through of the savings to their workers through reduced premiums, would be reimbursed for 75 percent of catastrophic costs above $50,000. To be eligible for this relief, employers would have to: provide affordable health coverage to all their workers; demonstrate they will pass through savings of up to $1000 to workers; and encourage disease management to improve and hold down the cost of care.
Prescription drug assistance using the federal government's purchasing power to induce giant drug wholesalers to pass along to consumers the rebates they get from the drug manufacturers; getting more affordable generic drugs to the market, giving states the flexibility to negotiate better deals, and allowing people to buy quality drugs through Canada.
http://www.johnkerry.com/issues/healthcare/