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McCain's Plan For Health Care Reform: Let's Make It More Like The Financial Industry


US Politics & Gov't  (tags: Health Care, John McCain, Mccain Health Care, Republicans, Neocons, PNAC, Politics News )

Blue
- 3927 days ago - huffingtonpost.com
"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."



   

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Blue Bunting (855)
Saturday September 20, 2008, 7:03 pm
Paul Krugman of the New York Times posted an entry on his blog Friday night about an article John McCain recently published on health care reform in a magazine put out by the American Academy of Actuaries. Given what happened to the US economy last week, Krugman observed that McCain's remedy for health care now looks all the more problematic:

Here's what McCain has to say about the wonders of market-based health reform:

"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."

So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago -- and promising that if we marketize health care, it will perform as well as the financial industry!

On the campaign trail Saturday, Obama attacked McCain's enthusiasm for deregulation in a manner similar to Krugman, even referencing the article McCain wrote.

There's only one candidate who's called himself "fundamentally a deregulator" when deregulation is part of the problem. My opponent actually wrote in the current issue of a health care magazine - the current issue - quote - "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."

So let me get this straight - he wants to run health care like they've been running Wall Street. Well, Senator, I know some folks on Main Street who aren't going to think that's a good idea.

Watch video of Obama's comments.
http://www.youtube.com/watch?v=HDTlrd5lXw0

Read more from the AP.

As MSNBC's First Read notes, Obama also went after McCain on the similar issue of privatizing social security by tying into the recent economic crisis:

Obama told the crowd McCain supported privatizing Social Security and asked them to imagine how people would feel had their retirement savings been tied up in the rocky stock market this past week. "I'll protect Social Security, while John McCain has talked about privatizing it. Now without Social Security half of elderly women would be living in poverty. Half. But if my opponent had his way, the millions of Floridians who rely on it would've had their Social Security tied up in the stock market this week. How do you think that would have made folks feel?"



 

Melva H (93)
Saturday September 20, 2008, 7:45 pm
Same song; second verse.....same as the first. Cheney and Rove have been whispering in his ear. They don't have enough billions yet, and McCain's wife doesn't have enough millions, so Johnny Boy is listening to his instructors.
 

Past Member (0)
Saturday September 20, 2008, 9:30 pm
So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago -- and promising that if we marketize health care, it will perform as well as the financial industry!

boys and girls, i must require you to repeat the third grade, if you can not grasp this plan is a political self promote marketing concept. all dollars DECEIVED will be paid in full to the mccain "wanna be like my best bud bush" campaign.

 

Rachel Markel (27)
Monday September 22, 2008, 3:11 pm
To me it's simple, Barak Obama's defeat would say that when handed a perfect opportunity to put the worst part of our history behind us, we chose not to.
 
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