Should private health insurance companies be allowed to compete across state lines?

[LLStarks]

Question in topic.

[CreekDog]

1. they should be governed by state regulations

or else they'll all relocate to Delaware and South Dakota and then what kind of health insurance will we all have access to?

[MidwestTransplant]

2. Exactly but they don't want to be governed by the state in which they do business. It's a race to

the bottom.

[hunter]

3. Throw their executives into a pit and make it a fight to the death.

I'd watch that.

A perfect outcome would be no survivors, but if anyone did manage to crawl out we could cycle them through their company's automated phone tree until they expired.

[Ron Green]

4. I like this idea.

:thumbsup:

[quaker bill]

5. No

Why are the credit card companies now headquartered in ND or Delaware? Because they were first to drop usury laws and allow "sky's the limit" interest rates. If you want a race to the bottom, the very best way to get there is to allow competition across state lines.

Each State will race to provide regulatory incentives (see easing the "regulatory burden") to secure the jobs and tax revenue (that they don't give away to the corporations as "tax incentives"). We will quite quickly end up with insurance that costs little, must be sued in another state, is poorly capitalized, very profitable, and covers virtually nothing.

[KT2000]

6. Trojan Horse alert!

This is how insurance companies get rid of regulation because insurance comapnies are regulated at the state level.
Each company is free to compete with each other within each state - they just have to follow the law in each state.
They want NO REGULATION so they can think up more horrible ways to steal money from their customers, deny care and reap huge profits.

Whoever said YES in this poll needs to do some reading on the subject.

[TreasonousBastard]

7. Most of them already do, so what's the question?

[Laelth]

8. No. They must incorporate in each state.

That way they're subject to state insurance law and regulation.

:dem:

-Laelth