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.
That's right, folks, they want to do for your health insurance what they did for banking.
Maybe we will actually get national health insurance, but only after the government has to step in and take over to prevent massive failures across the entire industry that jeopardize the fat bonus packages of big insurance industry contributors. Because Republicans don't believe in government intervention unless there's a complete disaster, and unless not intervening might hurt their buddies. Then they get "socialist" as all hell.
Saturday, September 20, 2008
John McCain on banking and health-New York Times Blog