I almost laughed out loud.
Let's pretend for a minute that it was in some way true (which it's not), there is no way a candidate could have that as part of their platform and still win the election. A single statement like that (if it were true) would be enough to lose you the election. Entire hospitals would close down, and people wouldn't be able to get medical care. Screw the financial crisis, we'd be having a medical crisis instead!
I'm not sure if it was some weird scare tactic to get people to vote McCain, or just some really random misunderstanding. I'm not sure how you could even mishear something to the effect that you would think you were going to get a 52% paycut.
Crazy things start coming around during election season. I'll be a much happier camper when it's all over.