McCain Draws Fire for Health Reform Modeled on Banking Deregulation
Scott Hensley, Wall Street Journal Health Blog, 22 September 2008
Paul Krugman, op-ed columnist and blogger, at the New York Times, riffs on an interesting piece on health-care reform by John McCain in an obscure, to us, journal for actuaries.
In the current issue of Contingencies, McCain makes his case for a freer market for health coverage by arguing that insurance would benefit from the same sort of deregulation that has led to innovation in…wait for it…banking.
The money quote from McCain, as noted by Krugman:
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 Secretly Plans New Tax on Middle Class
United Steelworkers International President Leo W. Gerard
September 16th, 2008
John McCain should not be traveling in a bus called the Straight Talk Express. No, that equivocating multimillionaire who kowtows constantly to the wealthy should be riding in one of those private, gilded railroad cars.
That would be symbolically appropriate as well since he is trying to railroad the middle class on taxes.
He is actually proposing a brand new tax on the middle class.
[Read the post – hat tip]