McCain: We should deregulate health insurance like we deregulated Wall Street

[marmar]

from ThinkProgress:



McCain: We should deregulate health insurance like we deregulated Wall Street.»

Paul Krugman notes that Sen. John McCain (R-AZ) published an article on his health care plan in the current issue of Contingencies — the magazine of the American Academy of Actuaries. In his article, McCain attempts to make his case for deregulating the health insurance industry by extolling the benefits of the last decade of deregulation in the banking sector. He writes:

Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.

As Yglesias writes, McCain is “such an enthusiast about financial market deregulation that he was bragging about his plan to make the health care system as awesome as the financial system.”

Update McCain health care adviser Al Hubbard has argued that Americans consume health care like caviar. John Goodman, another McCain health care adviser, previously said there are no uninsured Americans.


http://thinkprogress.org/2008/09/20/mccain-deregulate-insurance/

[MuseRider]

1. Really?

If he really said this, and I have no reason to doubt that he did, he is dumber than I thought.

[dysfunctional press]

2. if obama can't hang those words, his vote for the repeal of glass-stegall...

and the keating 5 scandal around mccain's neck in light of this bailout- he doesn't deserve to win.

[fed_up_mother]

3. Oh, please, let there be an ad with him saying this - over and over and over and over!

[lifesbeautifulmagic]

4. what in the hell are the "worst excesses of state-based regulation."

like when ins co's can cancel you when you get sick, or exempt pre-existing conditions, or exempt the newest lifesaving treatments? Or maybe insurance companies should be able to only insure healthy 25 year olds and nobody else.

Why do i think that, as a 50 year old, that sentence is meant for me and not in a good way?