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Politics : View from the Center and Left
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To: Mary Cluney who wrote (131523)2/25/2010 9:07:16 PM
From: JohnM  Read Replies (2) of 541316
 
As I understand the arguments from today, if you permit health insurance companies to sell across state lines, there will be no effective protection for consumers, no regulation. The states with the fewest regulations will garner the most insurance companies (as is the case in other industries), effectively creating a race to the bottom in that respect. Then company A from North Dakota will race to NY with very low rates and insure only the healthy. That leaves the not so healthy and the very unhealthy to pool into high risk pools. Insurance for those goes way up, as one might expect.

The only way to keep rates low for everyone is to spread risk across wide spectrums. And the only way to do that is to insist that insurance companies must take all applicants.
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