A Prescription For Disaster?

A new ad from the Obama campaign raises the specter of Wall Street-style deregulation of the health insurance industry under a McCain presidency.

The ad says:

We’ve seen what Bush-McCain policies have done to our economy. Now John McCain wants to do the same to our health care. McCain just published an article praising Wall Street deregulation. Said he’d reduce oversight of the health insurance industry, too. Just “as we have done over the last decade in banking.” Increasing costs and threatening coverage. A prescription for disaster. John McCain. A risk we just can’t afford to take. 

The ad refers to a quote from an article in the September/October issue of Contingencies, an obscure journal for actuaries.

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