Wouldn't allowing health insurers to do business across state lines just...

E

Edward

New member
...induce them to all move to one state? Namely the state that gives them the best corporate sweetheart deal? Why do you think more than 50% of the public companies in the US are incorporated in the state of Delaware? Because A) Delaware law is the absolute best at looking out for consumers or because B) it's the most lax on corporations? What would stop health insurers from doing the exact same thing? (Besides nothing, of course.)

http://www.corp.delaware.gov/aboutagency.shtml
"More than 850,000 business entities have made Delaware their legal home. More than 50% of all publicly-traded companies in the United States including 63% of the Fortune 500 have chosen Delaware as their legal home."
 
True. Most insurers would move out of the high tax states like New York, Minnesota and California just to name a few. They would move to South Dakota, Wyoming, Texas and Florida. It would give people in the low tax states some new jobs.
 
Just like all credit card companies flocked to S. Dakota where they could charge outrageous rates. It's a typical Republican payoff to big contributors.
 
As soon as the government gets involved in anything, it gets all messy and nasty.

Why do you think Queen Pelosi has exempted herself and all the other elitists from that quagmire?
 
Yes....that is exactly why it is a horrible idea.

Only ones that would gain from this are the insurance companies...and that is exactly why republicans are pushing for this.

And they would find the state that has the least laws in place for requiring insurances to provide care for certain procedures, pre-existing conditions, and perscriptions. More profits for the insurance companies...less care for the patients.
 
Is that important? If something increase competition and makes the best coverage available to the greatest number is that better?
 
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