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Since 2008 – Progress Through Politics

McCain: We Can Do To Healthcare What We Have Done To Banking!

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That’s right, in a current article penned by Senator McCain, he promises to bring to our healthcare system what has worked so well for Wall Street:

Unbridled deregulation!!!

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The crowd goes wild!

In the September/October issue of Contingencies – the magazine of the American Academy of Actuaries – McCain argues that what is good for Wall Street is good for family healthcare.  If AIG can go from a $70 to $4 stock price in twelve months with these vaunted policies and a mere $85,000,000,000 of public “investment”; if Lehman Brothers can go from a 2007 revenue of Fifty Nine Billion in 2007 to a market valuation of 130 Million on Sept 15, 2008; if Bear Sterns can manage to shed the unwanted bulk of 93.5% of it’s value in one short year…

Just Imagine What We Could Do To Healthcare!!!

It just staggers the mind, don’t it?  The sheer, audacious, grasping genius of it all!

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. Consumer-friendly insurance policies will be more available and affordable when there is greater competition among insurers on a level playing field. You should be able to buy your insurance from any willing provider-the state bureaucracies are no better than national ones. Nationwide insurance markets that ensure broad and vigorous competition will wring out excess costs, overhead, and bloated executive compensation.

I know!  I’m excited, too!

Just think of all the excesses that we could wring out!  Just look at all the efficiencies we’ve achieved in the banking market!  There are lots of unemployed bank employees these days, and see how much that saves?  If we apply these strategies to healthcare, before you know it the unemployment lines will be stock-full with all those overpriced Doctors, Nurses and the rest of the greedy medicos!

Whaddayamean those aren’t executives?  OH, CEOs!  Well, the CEO of Bear Sterns earned every penny of the $232,000,000 he was paid for flying the company into the ground, that takes great skill!  The CEO of AIG deserves his $7,000,000 going-away present for losing $1,000,000,000,000 in capital! You try to lose 94% of a company that large in two years, I bet you just don’t have those sort of brass monkeys!

Ed. Note: Yes, that’s what a Trillion Dollars looks like.  Might just be easier to imagine as $100 a second for 320 years, or, to keep it in small bills: $1/second for five times as long as all of human civilization…(or, as Gov. Palin would have us believe, five times the age of the universe)

So, John McCain – the Great Deregulator – does have a plan for healthcare!  And man, when he gets his hands on it, the headlines will be just as exciting as they have been this very week.


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/ 18 Comments

18 comments

  1. Hollede

    You forgot about all the increased healthcare consequences of this past week. All the fucking heart attacks, strokes and seizures the MSM and Wall Street had this past week was enough to really worry me. Oh and seeing the current occupant of the White House only twice this week seems appropriate. Damn. He’s got that deer in the headlights look again. I am suddenly thinking about the great north again. It isn’t that far and it is so beautiful.

  2. GrassrootsOrganizer

    I’ve been trying to imagine how the Republican Party can f#ck the country up more under a Palin/McCain Administration and I was running short of ideas — economy, check, housing, check, civil liberties, check, foreign relations, check,military readiness, check, education, check…I mean, with pretty much everything in the sh!tter, what’s left?  The only way is up, right?  

    I TOTALLY forgot about healthcare.  Unaffordable as it is for half of us, the other half of us with insurance DO have a pretty sweet healthcare system.  And why didn’t I think of DEregulating healthcare?  It’s a no-brainer!    

  3. ragekage

    I still think it would be the best way to handle things. I truly am in favor of as small a government as possible. But I guess sometimes, like this, government intervention is impossible to avoid. It sucks; I guess we have to treat these assholes like petulant children, and now we all get to pay for their frak-ups.

    I think we ought to have a few government owned businesses, one in each potentiall monopolizing category. Say, oil. Have the government start an oil company to compete with the others. Open their books to the public. We don’t have to try and gouge the other companies out of business in a monopolizing way- that would be wrong- but it ought to squeeze ’em into doing things a bit more fairly.

  4. John Allen

    is like a bank with no guards, bars, or vault. Without regulation, you have to depend on people to be honest. All it takes is one greedy bastard, like at Enron, to totally screw the system. Regulation is not put in place to hamper business. It is there to guard against human greed and stupidity.

  5. Peter Jukes

    …Obama is using this brilliantly

    “There’s only one candidate who’s called himself “fundamentally a deregulator” when deregulation is part of the problem. My opponent actually wrote in the current issue of a health care magazine — the current issue, quote, “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.” So let me get this straight — he wants to run health care like they’ve been running Wall Street. Well, senator, I know some folks on Main Street who aren’t going to think that’s a good idea. “

    http://politicalticker.blogs.c…

    Wow. I just mean wow. He’s punching so hard on the issues. The next bit of his speech hits McCain on lobbyists.

    Gotta believe the campaign was waiting for this moment all along.  

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