McCain uses model of bank deregulation for his health plans

[chicagoexpat]

In an industry magazine, Contingencies, John McCain authored an astonishing article on his health plan. This is in the most recent issue (Sept./Oct. 2008), not some old position from, say 6 months ago, that McCain can disavow as "ancient history". ;-)

(this was sarcasm from the brain impaired)

McCain actually uses the model of deregulation of the financial industry as the model for his health care system.

McCain wrote:

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...

You should be able to buy your insurance from any willing provider — the state bureaucracies are no better than national ones. Nationwide insurance markets that ensure broad and vigorous competition will wring out excess costs, overhead, and bloated executive compensation.

Just like in the mortgage industry!

More here:
McCain: Deregulation for health care, it worked for the financial markets

[endthewar]

1. I just realized that the 1-hr DU news cycle makes the 24-hr cable news cycle outdated.

[chicagoexpat]

2. mmmhhhm

[chicagoexpat]

5. yeah

[depakid]

3. I'll do you one worse

The Health Insurance Marketplace Modernization Act.

In one of the very few victories Democrats have had over the last decade- we managed to stop this barely- via a filibuster (despite the usual DINO's):

http://www.familiesusa.org/issues/private-insurance/enzi/

[chicagoexpat]

4. worse & worser