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Small Business Owners' Guide to the Election
By: Kent Hoover, Bizjournals
Posted: October 17, 2008
page 5 of 13
Obama, by contrast, would require all but the smallest employers to provide health insurance to their workers or pay additional taxes to the government. Small businesses would receive a tax credit to help offset the cost of health insurance.
John McCain’s plan:
Barack Obama’s plan:
- Would create a national health insurance exchange for individuals to buy coverage, including a government-sponsored plan similar to the one offered to federal employees.
- Would provide small businesses with a tax credit to offset the cost of health insurance premiums.
- Would require larger employers to pay additional taxes if they don’t provide health insurance.
Sources: McCain, Obama campaigns
Individuals could buy insurance from a national health insurance exchange, which would offer various plans, including a government-sponsored plan similar to the coverage now provided to federal employees.