McCain’s Prescription: Set Up Health Care Like Banking Industry

Whoops! As New York Times columnist Paul Krugman pointed out Friday, presidential nominees Barack Obama and John McCain both have articles in the latest edition of Contingencies magazine about how they would reform America’s health care industry. In light of certain recent events in the banking world, McCain may want to reconsider his position.

Paul Krugman’s “The Conscience of a Liberal” blog in The New York Times:

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.

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