The Wonders of Deregulation
As capitalism as we know it stumbles and sputters, health care bloggers like Paul Krugman from the New York Times are having a hey day with McCain’s staunch support for deregulation of the health care market…
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!
At the risk of stating the obvious, the wonders of deregulation aren’t looking particularly wonderful these days.
Filed under: Financing Health Care Access, Health Care Access, McCain