Jack Kingston: “What we really need in health care is it to be affordable regardless of your income bracket. And what the Michel plan…”

“What we really need in health care is it to be affordable regardless of your income bracket. And what the Michel plan does, and the reason I have cosponsored it is because it does give small, unincorporated businesses the full 100 percent tax deduction that large corporations get now. It gives them the right to form purchasing groups on a voluntary basis, which basically gives them the economies of scale that large businesses get now. And it has other things that will make the market more price-sensitive. For example, the Medisave account which has been a tremendous success in Singapore. I am always a little leery when people just say well, let us just do what they are doing in some other country, because there are always a number of conditions or different things that we have to take into account. But there is the track record, and there is reason to take a serious look at the Medisave account.”