McCain Still Wants To Deregulate Health Insurance?

Quote from an article John McCain wrote for the CURRENT issue of Contingencies, the magazine of the American Academy of Actuaries (look at the top right column of page 30):

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.

Deregulate? After the week Wall Street has had, after Lehman Brothers and Merrill Lynch and AIG have collapsed, he wants to do to the health care industry what his former chief economic advisor, Phil Gramm, did to the mortgage and banking industries. Yikes.