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Insurance Business | 14 Mar 2017, 05:30 AM Agree 0
The proposed law will be moved in tandem with the American Health Care Act, says speaker
  • Caleb | 14 Mar 2017, 10:53 AM Agree 0
    Is this serious? Allowing people to buy what they want gives more power to the federal government? That seems so obviously false that I have to wonder what the true objection is.
  • Quentin L. Ledford, ChFC, CASL | 14 Mar 2017, 11:14 AM Agree 0
    'Selling over State lines', what is the point??? It certainly will not lower either costs or premiums. Moreover, depending on how such is implemented, it could very likely create a whole new field for fraud operators to use to exploit the public. Besides, as it currently stands, any insurance carrier can operate in any State they choose provided that the insurer conforms with the guidelines of the respective State.

    If though, the Federal government were to simply put a few very basic rules in place whereby they defined a simplified policy which would be allowed to bypass additional State regulations for sale; then such won't hurt, but it really will not help wither. Anything else the Federal Government does will be a complete act of futility unless the Federal government actually takes on the AMA and its medical industrial complex and creates an orderly system of markets for medical service whereby service pricing would be completely transparent and operative upon free market enterprise principles, instead of the monopolized market platform (via PPOs) that these currently operate on.
  • Roy | 14 Mar 2017, 11:15 AM Agree 0
    If they are going to do this for health insurance, they might as well go ahead and do it for all types of insurance.
  • Amelia | 14 Mar 2017, 11:52 AM Agree 0
    Currently, insurance can be sold across state lines... It simply requires an additional license on behalf of the agent, or an additional filing on behalf of the carrier. It happens all the time.
  • Anna | 14 Mar 2017, 12:06 PM Agree 0
    Selling across state lines will most definitely lower costs and premiums. Smaller populated states simply don't have the numbers to spread the risk. P&C carriers are allowed to do this and absorb several severe claims as it can be spread over 5-6 states to create a larger spread. Health insurance is not allowed currently. Capitalism and the free market system will balance the price with the best coverage to the lowest point or carriers will go out of business for lack of production. Each state still has an insurance commissioner to regulate the carriers and producers doing business in their states. You may want to do a little research before you post crazy responses.
  • Donald Newman, CPIA, RHU, CBA | 14 Mar 2017, 12:21 PM Agree 0
    I couldn't agree more, Quintin. Congress keeps dancing around the real issue in front of them and will not (for obvious political reasons) cinch their chin straps and take on the medical industrial complex. Congress is doing what it does best and that's just kicking the ball down the field. This could have been a real definitive time in American history for both Republicans and Democrats. However, the Republicans squandered the past eight (8) years whining instead of planning.
  • Douglas Shaffer | 14 Mar 2017, 01:28 PM Agree 0
    Living in a Alaska where four cities are in the top five for health insurance costs and premiums, anything is welcome, there is virtually no competition and almost all specialists are "out of network" leaving little if any hope for affordable care. The nearest state is 3.50 hour plane ride or 2,500 mile drive away. Back surgery that would cost $65,000 in a state (Arizona) is $125,000 in Alaska, out of pocket, deductible and out of network cost would mean the total out of pocket cost would approach $50,000. At current medical inflation rates within seven years medical insurance costs for an average family of four will exceed net income in our state. Something, (anything) must be done.
  • Jerry Pi | 14 Mar 2017, 06:38 PM Agree 0
    What is wrong with the proposal to sell over state lines? Auto insurers do this all the time. I must be missing something here if this isn't a good thing. I see this as a win-win for consumers and makes the insures work for their keep. Competition has always been the sign of a healthy business environment.
    • Bill | 16 Mar 2017, 03:57 PM Agree 0
      All auto and home insurance is regulated by each state where it is sold. Each state has an insurance commissioner that controls the filings. This change would make the move away from that type of regulation by the states and move it to one federal regulator. Nationwide carriers like State Farm have been advocating for that type of change for many years, while the smaller companies have been against the change.
  • C Brink | 15 Mar 2017, 10:36 AM Agree 0
    Being an agent in a border county, I can see where there needs to be a better way to access in-network care across state lines. Either the insurance agents associations and State lawmakers figure it out, or the Fed will.
  • Donald D | 16 Mar 2017, 12:12 PM Agree 0
    What stops insurance companies from selling over state lines now? Nothing....except state insurance departments. I do not get the big to do about the magic of selling over state lines. Most companies don't do it now because they are not willing to subject themselves to litigation or regulation in states that are not in their normal footprint. And beyond this...are we going to treat this like the substandard auto market where a company from Shifting Sands of Wherever sells auto insurance in a state....denies almost every claim....and the consumer has no recourse other than to go to court because the companies are not admitted in the state and therefore not subject to the supervision of the state insurance department. I would think Health Insurance is maybe slightly more important in peoples lives that maybe it should get just slightly more scrutiny. This is pretty much unreal what is being floated around here.
  • Ann Frohman | 18 Mar 2017, 02:28 PM Agree 0
    As a former regulator of insurance, selling is a distinction without a difference. Insurers sell over state lines. It is how the pool is priced. The larger the pool the less volatility in pricing. Insurance markets are not competitive and will not be. This is because the markets are affected by the Medicare benchmark for price. Cost of actual healthcare is being ignored by Congress. The insurer is the middleman between the customer and medicine so and rearranging laws on insurance makes no difference. Like rearranging chairs on deck of Titanic with the Titanic being healthcare. Its all going to implode, because neither Obama or now Trump want to take on cost of care.
  • Logic | 20 Mar 2017, 11:53 AM Agree 0
    Exactly what Ann said.
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