John McCain has a very timely article in this month’s 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.

Because, really, what could possibly go wrong in a market with vigorous nationwide competition, like banking?

(h/t to Professor Krugman)