Saturday, September 20, 2008

Health care should be run like banking

The Huffington Post is leading with a story by Paul Krugman on his blog, in which he reports on a recent article written by McCain on his feelings about how health care should be run. In the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries, McCain wrote his solution to the health care woes,

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.

Given the past week, McCain has some splaining to do.

2 comments:

Anonymous said...

Shouldn't a comment like this explain everything, and wrap itup for Obama? In this economic envirornment, how can you get away with this?

Anonymous said...

This is actually a McCain-esque smear. McCain wasn't talking about "banking" generally when he made that statement, but rather the deregulation of interstate banking, which ushered in the advent of the ATM machine.

There's no question that, as far as tweaking the facts goes, McCain has been the bigger offender, but Obama's hands aren't sparkling clean, either.