Obama Rips McCain over Health Insurance
Barack Obama recently ripped into McCain over an article that the Republican presidential candidate wrote about the health insurance marketplace in a periodical called Contingencies.
McCain cited the need to increase competition in the health insurance market to expand coverage and reduce health care costs. McCain wrote,
“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.”
Senator Obama’s respone to this quote in essence was that running the US health care industry like Wall Street has been run would clearly be a recipe for disaster.
A senior advisor to McCain (Douglas Holtz-Eakin), later clarified McCain’s statement by saying that
“the comment on banking regulations in the article referred to a change in 1995 that allowed U.S. residents to bank across state lines.”
and then fired back at Senator Obama by saying
If Barack Obama thinks that today’s financial troubles were caused by policies which allowed Americans to use an ATM anywhere in this country, then it is better that he continue to be silent about solutions to the crisis on Wall Street.
There are very few issues that the two presidential candidates differ on as dramatically as health care.
NPR’s “All Things Considered” on Sunday examined the McCain and Obama health care proposals. Click here to listen
