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[quote=Anonymous][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]
Correct.. sometimes, state Insurance Commissioners are in cahoots with the insurance companies that they are supposed to be regulating, and end up working for them:

https://www.washingtonpost.com/investigations/drinks-junkets-and-jobs-how-the-insurance-industry-courts-state-commissioners/2016/10/02/1069e7a0-6add-11e6-99bf-f0cf3a6449a6_story.html?utm_term=.9af9604a0076

"Benafield [AK insurance commissioner] ultimately decided the case in United Healthcare’s favor — a 2008 ruling that stood to save the company millions of dollars. Nearly two years later, by the time a judge vacated the commissioner’s orders because there was “an appearance of impropriety in the proceedings,” Benafield had moved on: [u]She was working for United Healthcare, having joined at least three of her predecessors representing insurers in Arkansas[/u]."[/quote]

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