Each of the republican presidential candidates seems to have quite an opposing view of the future of Medicare should they be elected to the oval office. Here’s the breakdown of each of the front-runner’s opinions:
Mike Huckabee
- Tax deductible insurance premiums
- Using individual states as “laboratories” to conceive new ideas for private market initiatives to keep costs down
Mitt Romney
- Encourage states (on their own) to develop their own unique plans to cover the uninsured
Fred Thompson
- Strong advocate of prevention methods in medicare delivery
- Open market competition is a priority
Rudy Giuliani
- Wants a $7500 income tax deduction per taxpayer to offset insurance costs
- Additional tax credit for low-income workers to help with costs
John McCain
- Provide a $2500 tax credit for individual and double that for families for medicare costs
- Allow for an easier import of Canadian drugs for all Americans
- Push towards generic drugs to lower costs