Oh, my. Paul Krugman at the NY Times directs us to this article [PDF] by John McCain in the Sept./Oct. 2008 issue of Contingencies, the magazine of the American Academy of Actuaries:
http://www.contingencies.org/septoct08/mccain.pdf Krugman's take-away from the article is Senator McCain saying:
"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."
Well. I'm glad we have that straight. I am _sooo_ looking forward to the prospect of President McCain ... we're not nearly bankrupt enough yet, we can do way better.
(We do note that McCain's principal economic advisor is former Senator Phil Gramm, one of the architects of financial deregulation.)
...As if his apparently not knowing where Spain is wasn't enough.