Saturday, September 20, 2008

McCain Wants to Deregulate Health Insurance

John McCain wants to make our health insurance system more like our banking system. You heard right....he actually made that statement in Contingencies, a magazine for actuaries.
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.
So Mr. "I've always been in favor of regulation" now wants to deregulate the health insurance industry so it is more like our banking system. Geez, is the Obama campaign aware of this statement? Does anyone really believe this guy would make a good President?

UPDATE: Actually this guy, Anonymous Liberal, makes a good point.
Then again, if we bring the same approach to health care that we brought to the banking industry, maybe in eight years or so, our health care system will completely collapse and the government will have to step in and take over. Voila! A national health care system. Brilliant.

1 comment:

NorthCountryLiberal said...

That seems to be where we are headed.
I can't wait to hear the criticism of Obama when he doesn't fix everything in the first six months of his administration.