IS CONTINGENCIES A GAME-CHANGER?….
The McCain campaign probably never even saw it coming. Contingencies, the magazine of the American Academy of Actuaries, published an article by John McCain, titled, “Better Health Care at Lower Cost for Every American” (pdf). As far as the McCain campaign was concerned, few would actually see the piece, and the likelihood of it having a serious impact on the campaign was negligible. Oops. Paul Krugman got a heads-up on this jaw-dropper from McCain’s article: “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.” Remember, this doesn’t reflect McCain’s thinking from previous years — the article was published in the current, Sept/Oct issue of the magazine. McCain believed, very recently, that the key to “better” care at “lower” costs was to make the healthcare industry look more like the financial in
