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Macroeconomics- Bush and Kerry

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Submitted By derricklui
Words 1455
Pages 6
Kwan Ho Derrick Lui
Macro Economics
Professor Chartier
10/25/2004

Bush and Kerry under the Four Economic Issues

As the presidential election date is approaching, it is time for Americans to make the important decision on whether to vote for Senator Kerry or President Bush. This decision may very well depends on the individual as the elected candidate will cause a different impact for each American. This essay will examine the position and programs of each presidential candidate under the four main economic issues in the United States: healthcare, taxation, international trade and environment policy. The first economic issue is Healthcare. As we all know, healthcare cost in the United States is comparatively more expensive than other countries. This is also the reason why many workers in the United States require healthcare benefits. Cost in healthcare is simply too high for an average American to afford if anything happens to them and therefore, many people purchase health insurance. However, having health insurance does not solve the high cost in healthcare because premiums are expensive and not all could afford it. Senator Kerry plans to reduce the cost of health insurance, health care bills and medicine, as well as improving medical efficiency to cut administrative cost. He asserts to cut premium costs by reimbursing business for 75 percent of the cost of catastrophic care since a single catastrophic case can raise the price of health insurance dramatically for a small business. People who are uninsured, or have low income, could receive tax credits to help offset their insurance expenses. Senator Kerry also understands that drugs and medicine in the United States are too expensive and people are forced to import medications from Canada enable to save money. He feels that this is absurd for domestic drug companies and plans to change new Medicare

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