Wrong Prescription: McCain’s Healthcare Plan

McCain would encourage employers to cut coverage. No joke: that’s his plan.

The Nation, October 27, 2008.

Deregulation has worked so well for Wall Street, John McCain wrote recently, that we should use the same approach to fix our healthcare system. In the September/October issue of Contingencies, the magazine of the American Academy of Actuaries, the Republican presidential candidate asserts, “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.”

McCain was writing just before Wall Street collapsed, and he obviously did not think Americans needed to be insured against the failure of a deregulated financial sector. Likewise, he was not concerned that the 53 percent of Americans who get insurance from their employers need protection from the risk of losing it. In fact, he’s hoping they will lose their employer coverage, betting they’ll be better off on their own in a deregulated market.

Read more at TheNation.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s