In short, the McCain plan makes no sense at all, unless you have faith that the magic of the marketplace can solve all problems. And Mr. McCain does: a much-quoted article published under his name declares that “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.”
I agree: the McCain plan would do for health care what deregulation has done for banking. And I’m terrified.
Monday, October 06, 2008
McCain on Health Care
Courtesy of Paul Krugman:
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1 comment:
You can read McCain's complete essay here:
http://www.contingencies.org/septoct08/mccain.pdf
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