Ezra has a good counterpoint to those believing all we need to do is bring down inter-state barriers and allow plans nationwide (like we do with credit card companies, mostly Hq'd in South Dakota(!)) -
http://voices.washingtonpost.com/ezr...ianas_bec.html
Will the Northern Marianas become America's insurance capital?
It seems that the Republican health-care alternative is, surprisingly, even worse than I thought. It's not just that it allows insurers to cluster in whichever state has the loosest regulations and sell policies that only accord with those minimal standards (which is the dynamic that brought you a credit card industry based almost entirely out of South Dakota). It also allows them to use the Virgin Islands, Guam, American Samoa and the Northern Marianas for the same purpose. All those territories are poorer, and would have even more incentive to give insurers whatever regulatory concessions they wanted in return for the jobs and tax revenue that would come from Wellpoint opening offices in Guam.
Real nice. And people fear big government.
"The Devil enters the prompter's box and the play is ready to start" - R. Service
“It’s not tax money. The banks have accounts with the Fed … so, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. It’s much more akin to printing money.” - B.Bernanke
"Keep your filthy hands off my guns while I decide what you can & can't do with your uterus" - Sarah Silverman
If you meet a magic pony on the road, kill it. - Playwrite