Where McCain Stands on Health Insurance Deregulation
Lately, Republican presidential candidate John McCain is getting some heat for an article he wrote in a little-known magazine called Contingencies magazine, reported the Washington Post.
In the Contingencies magazine article, McCain writes that he is for deregulating individual health insurance marketplaces in order to increase competition.
McCain’s health insurance reform plan wants to permit people to buy health plans across state lines, this way they will not be bound by in state regulations. The idea itself was not really the problem ,the timing was just wrong. A lot of the issues Wall Street is having can be partly blamed on the financial market’s deregulation.
In the article, McCain writes: “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.”
At a glance, McCain’s plan may not seem like a good one, thinking of Wall Street’s problems. But we question if health insurance regulation can be compared to Wall Street regulation.
Other Related Posts
« The Key to using MySpace Real Estate Marketing Virally | Home
Leave a Comment