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March 1, 2021
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EDWARDS-MICHIGAN
(2007-06-14)
(wgvu) - DETROIT (AP) - Democratic presidential candidate John Edwards
wants to reduce the cost of health care by offering cash prizes in
lieu of patents for certain breakthrough drugs.
He also wants to require health insurance companies to spend at
least 85 percent of their premiums on patient care and less on
administrative costs and profits.
The former North Carolina senator detailed his universal health
care plan during an appearance at a community clinic today in
Detroit.
Edwards has said he'd finance much of the plan by rolling back
tax cuts for Americans who make at least 200-thousand dollars.
A spokesman for the Republican National Committee says that's
akin to a massive tax increase that would hurt Michigan's economy.
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