Saturday, September 20, 2008

McQueeg: Health care should be like banking

McQueeg is running around the country telling people that he is the scourge of Wall Street. That he'll be the maverick that will bring reforms and regulations to reign in their excesses. Funny, because he wrote an article (pdf) for the September/October issue of Contingencies magazine (an actuarial journal) that says the following:
I would also allow individuals to choose to purchase health
insurance across state lines, when they can find more affordable
and attractive products elsewhere that they prefer. 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.
Got that? He thinks that the deregulation of the banking industry was a good thing. He also wants to expand that model to health care. I suppose that there's a nice tie in here with the financial sector being on life support, but it sounds like McQueeg wants to pull the plug on both.

No comments: