McCain: I’ll Make Health Care As Deregulated As Banking

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"McCain: I’ll Make Health Care As Deregulated As Banking"

Great find. It seems that before John McCain became the Scourge of Wall Street (i.e., all times before September 18, 2008 or so) he was such an enthusiast about financial market deregulation that he was bragging about his plan to make the health care system as awesome as the financial system. Here’s what he write this month:

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.

Times change, I guess. On the merits, eliminating the “burdens” and “excesses” of regulation in the health care context means, in practice, that McCain would reduce health insurance costs by reduce the scope of health insurance coverage. And, yes, obviously a policy that covers less stuff will cost less. But that’s not a real plan to help anyone.

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