Wednesday, March 2, 2011

Would removing individual state's regulation of health care insurance reduce insurance cost?

Would removing state control and regulations on insurance companies bring down insurance cost? Right now there are 50 separate markets in the USA for health insurance. In each one, the cost of policies is based a profit mix of that particular market. Would removing state boundaries and allowing insurance companies to design policies at the national level rather than the state level make insurance more affordable? Shouldn't we try a reasonable approach such as this before leaping into a federal healthcare plan?
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Sure. Oh I have an idea... Yeah, oh goody! Let's have Federally regulated health insurance!
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