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Health Insurance Deregulation and Senator McCain
submitted: Oct 11th 2008 |
by: EthanCalvin
Total views: 54 |
Word Count: 185 |
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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 order to introduce more competition, Senator McCain is in favor of deregulating the individual health insurance marketplace. He wrote this in the Contingencies magazine article.
Allowing people to purchase health plans across state lines is part of McCain's health insurance reform plan. This would ensure people not to be bound by in state regulations. This idea is not a problem, it is the timing that is off. Wall Street's problems are in part due to the deregulation of the financial market.
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."
On the surface, yes it seems like McCain's plan doesn't sound like a good idea after the meltdown on Wall Street. But is it correct to compare Wall Street regulation with health insurance regulation?
About the Author
Health insurance and medicare are on the minds of all people right now. Ensure that you are properly covered, gohealthinsurance.com can help you with all your medical insurance inquiries.
Article Source: Unique Financial Articles
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