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Whether or not health care reform gets repealed by Congress or overturned by the Supreme Court, sooner or later we will one again hear people talking loudly about allowing health insurance companies to sell across state lines.
My thinking is that allowing them to deregulate will ultimately result in less competition and not more.
(Many of the people talking about this don't even understand the issue at its most basic level. It is really not about companies selling across state lines. They already do that. It is really about companies selling across state lines with less regulation.)
We have a great insurance company here in Connecticut called Connecticare. Even though it is only a regional company, it usually gets top ten marks for consumer satisfaction in US News and World Report's annual NATIONAL survey.
It also goes way beyond the mandates in that about 90% of the money it takes in goes out in benefits.
My fear is that companies like this will be swallowed up by the bigger companies.
More competition may be a good thing, but unbridled unregulated competition will ultimately mean less competition.
Here are the rest of the videos I did about selling health insurance across state lines.
Selling health insurance across state lines playlist.
My thinking is that allowing them to deregulate will ultimately result in less competition and not more.
(Many of the people talking about this don't even understand the issue at its most basic level. It is really not about companies selling across state lines. They already do that. It is really about companies selling across state lines with less regulation.)
We have a great insurance company here in Connecticut called Connecticare. Even though it is only a regional company, it usually gets top ten marks for consumer satisfaction in US News and World Report's annual NATIONAL survey.
It also goes way beyond the mandates in that about 90% of the money it takes in goes out in benefits.
My fear is that companies like this will be swallowed up by the bigger companies.
More competition may be a good thing, but unbridled unregulated competition will ultimately mean less competition.
Here are the rest of the videos I did about selling health insurance across state lines.
Selling health insurance across state lines playlist.
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