McCain: Let's Run Health Care More Like Wall Street

Turns out John McCain is for health care reform. It's just that he'd like to model his program after America's crisis-ridden banks.

"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," McCain's campaign said in an article submitted under his name to the latest issue of Contingencies, the magazine of the American Academy of Actuaries.

"That's right," the AFL-CIO said on its blog after finding the article. "McCain is so impressed by the performance of the deregulated, consumer-last banking industry that he proposes we let them do to our health care what they've done to our homes, credit card bills and investments."  McCain's plan would impose income taxes on workers for the value of their employer-paid health plans, amounting to thousands of dollars out of pocket for many families.