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jmowreader

(53,236 posts)
4. People wouldn't be able to "shop around for health insurance" if this comes to pass
Thu Dec 1, 2016, 02:24 PM
Dec 2016

Rather, the insurance companies are going to huddle in the state, or handful of states, with the highest prices and most customer-hostile laws, and everyone will be forced to buy their insurance from those states. We have very hard evidence this will happen - look at the credit card industry. Federal law says the terms of a credit contract can be set according to the laws of the state the bank is in, not the state the borrower is in. By lifting its usury rate and deregulating its banking industry, South Dakota drew pretty much the entire credit card industry to Sioux Falls. Great deal for the credit card industry, not so much for cardholders.

I'm fairly sure the health insurance industry can convince Sam Brownback and the Kansas Legislature to deregulate their industry in exchange for all of it moving there.

The worst thing about Donald Trump and the people he intends to surround himself with is the damage he intends to do to America will be irreparable.

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