Shorter John McCain (warning: pdf file): "Let's do for health care what we've done for banking!"
This ought to make people shudder on multiple levels. Health care is already messed up in this country, so making it more innovative like we did the banking system is equivalent to making an engine more innovative by putting a stick of dynamite in the manifold.
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.
But the best part of this whole thing is the date on the article--it's the September/October 2008 issue of the magazine. Sort of puts the lie to McCain's claim that he was calling for reform of the banking industry two years ago, doesn't it? Not that McCain has a stellar record in accuracy these days.