Friday, February 5, 2010

The Debate Over Selling Insurance Across State Lines

Kaiser Health News Today's Headlines:

An article giving a brief overview of the issue. My favorite line, from John Shadegg is here:

"Why are Republicans critical of how Democrats handle the issue?

They say its redundant for states to have to pass laws to allow their residents to buy coverage from other states. And they don't like the idea of having the federal government set minimum standards. 'In reality, (their) bill nationalizes federal insurance regulation and gives the average American family no relief from expensive mandates that drive up the cost of health insurance,' said Rep. John Shadegg, R-Ariz. said."


Expensive mandates like, covering stuff.

But, according to CBO estimates quoted at the end, even the states with the laxest regulations would only generate a 5% reduction in premium costs.

Until, of course, the industry picks a state, buys the insurance regulating apparatus and the state's legislature, and develop the classic "never pay policy."


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