Should Health Insurance Be Deregulated?
According to McCain, health insurance should be deregulated just like Wall Street. He compares the benefits the banking sector received by deregulation with the benefits that might come to the health insurance sector if it were deregulated too. According to him opening up this market to vigorous competition nationwide will give more innovative products to the consumer. Also, state based regulation would not burden this sector.
His enthusiasm about the deregulated banking sector seems to reflect in his desire to make health care as good as the financial system. This comes at a time when the Lehman Brothers have gone bankrupt. So the timing of his statement is not the best there could be. Meanwhile one of his advisors had earlier said that there were no uninsured Americans. They are certainly out of touch with reality.
Meanwhile this is a precedent to follow. Dane County has saved 1 mn dollars in insurance. It did this by re – negotiating the contract wit the insurance company. Rate increases are held down, while incentives are offered for lower costs if prevention and wellness programs are followed. Now that is something that should be done around the nation to better health and health care.
