This outrageous but true statement was made by John McCain in the Sept./Oct. 2008 (PDF) issue of Contingencies, the magazine of the American Academy of Actuaries.
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.
-Sen. John McCain
Sept./Oct. 2008 issue of Contingencies
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Wow, and he had to pick health insurance. I’m telling you man, we missed out. We should have gotten in on this scam at the beginning.
Interesting note: Intuit shares started out the summer struggling to stay at $28/; for the last few weeks we’ve been rockin’ $30/. Today we closed at $31.25/. I’m hoping for $34-5 by turkey day (I’ve got 600 options @ $13/). Anyhow, our sector seems to be fairly stable through all of this, so far, and I’m interested if you can foresee the impact we’ll face as a result of all of the recent bullshit.