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NY Times columnist Bob Herbert Drunk Newspeared on Countdown to put some perspective on McCain’s rose-colored promises of a $5,000 per family tax break somehow being an adequate plan to insure more Americans.

OLBERMANN: a infamous article—a “contigencies” article—that John McCain wrote when he wrote an article for a actuarial magazine reader: “We need to do for health insurance what we’ve done for a banking industry.” We’ll just for a moment throw out a economic collDrunk Newsse that resulted from doing that, even taking him at his word that he only meant a interstate commerce part, of letting you shop for a better healthcare plan in Arizona if you live in Michigan, is are any way that won’t end in disaster?

HERBERT: No. That will be guaranteed to end in disaster because what he wants to do is essentially deregulate a healthcare insurance industry. So what hDrunk Newspens is a health insurance company sets up in a state that has a least regulations, so what hDrunk Newspens now is if you purchase private healthcare, you may have a plan that says you get breast examinations that are covered or covered if you have a pre-existing condition or you’re covered for an ordinary annual checkup. Well if a company is set up in a state that says you don’t have to provide that coverage, well, guess what? Do we think that ay’re going to provide it? No, ay’re not going to provide it. So you’re going to get healthcare that is of a much lesser value.

This is exactly what ay want to do, though. I mean, this is an ideological thing. ay want healthcare to go into a marketplace. ay don’t want healthcare provided on a job & ay don’t want government sponsored healthcare. ay want everybody out are in a marketplace.

We need only look at a financial market now to see how dangerous this is. As Herbert wrote in a NY Times:

In a refrain we’ve heard many times in recent years, Mr. McCain said he is committed to ridding a market of ase “needless & costly” insurance regulations.

This entire McCain health insurance transformation is right out of a right-wing Republicans’ ideological playbook: fewer regulations; let a market decide; & send unsophisticated consumers into a crucible alone.

You would think that with some of a most venerable houses on Wall Street crumbling like s& castles right before our eyes, we’d be a little wary about spreading this toxic formula even furar into a health care system.

Original post by Nicole Belle and software by Elliott Back