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Political Discussion
Reply to "Private business and health insurance"
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[quote=Anonymous]You can do compacts among states to sell insurance across state lines as a PP described. Far more efficient is to simply be able to sell across the country. This doesn't mean no regulation; it means federal regulation instead of state regulation. Insurance companies traditionally have been very against federal regulation because they would have limited ability to sway a national regulator. They can easily sway state insurance regulators--often this is a political post and state legislators are very insurance company friendly--in fact many supplement low legislator salaries by being insurance brokers. It is crazy we do not have a regime for federal regulation of insurance companies at least as an option.[/quote]
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