Con side of John McCain's healthcare plan for Economic class Essay

nobble side of John McCains health rush plan for Economic class - Essay ExampleThis sounds like pie in the sky rhetoric to many economists. Insurance companies are driven by competition therefore they lay out in their own self-interest. The interest of the insurance company is to insure as many healthy pile as possible so they dont need to respond to insurance claims from the insured. Covering someone with a preexistent condition, such as cancer is not in the best interest of the insurance company, no discipline how much competition is introduced into the industry (Krugman).Also troubling is McCains ideological methodology for implementing increased competition, namely, decreased regulation. During the circus tent of the campaign to be elected president, John McCain produce an article in a magazine called Contingencies, which is published by the American Academy of Actuaries. McCain actually writes in the article that he would follow a selfsame(prenominal) course in deregula ting the health care sector of the economy in much the same manner as we have deregulated the financial sector. Having the article published in the midst of the Wall highway nuclear meltdown makes McCains anti-regulation ideology seem dated and out of touch (Balz).After the Wall Street meltdown and the catastrophic failure of the market to regulate itself, proposing a free market solution to health care simply because it introduces competition sounds nave, economically