SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JohnM who wrote (131525)2/26/2010 1:43:39 AM
From: Paul Smith  Read Replies (2) of 541312
 
I am asking these question more to get a better understanding than to debate.

"...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."

One response to my note was that it was already in the bill while yours says something different. I'm not sure I understand your response - almost all products are sold across state lines (automobiles, food, drugs, software, etc.) and many products are regulated.

"...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."

I assume this is the pre-existing condition stuff. So why would people buy insurance until they need it? Seems like a person should wait until they get sick, saves years of premiums, and then when sick start to buy insurance. While I know mandating all to buy insurance has been talked about, it is not clear that the federal government has the power to mandate that a citizen buy anything (could be thrown out by the courts). State governments have different powers than the Federal government and it is the state government than mandates auto insurance ownership, but only for people that choose to be drivers. There is no federal auto insurance.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News