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Originally Posted by aceventura3
I am not sure what I wrote to make you come to this conclusion. But I think businesses run inefficiently eventually go out of business unless they have protection from competition.
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[shrug] You're the one who talked about incorporating across state lines. If they're transacting business in a state, they're already paying the state taxes/insolvency fees. That goes with getting approved to conduct business in the state in the first place.
I guess chalk it up to confusion in what you really meant based on the reality of how state insurance regulations actually work.
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I think improved efficiencies can lower costs to the consumer. We often hear about overhead or administrative costs being too high and that is a justification for a public option. A public option is not going to actually help a company reduce costs. It would be nice to see Congress actually look at why admin. costs are high and help reduce those costs rather than assume big business simply wants to take advantage of people.
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Heh. Big business always wants to take advantage of people. That's the nature of competitive capitalism. Whether or not that advantage is unfair is a separate philosophical conversation.
What this boils down to, at it's core, and at least for me, is that the Republicans want to trump individual state insurance departments and force them to loosen regulation. If an individual state WANTS to allow other health insurors to conduct business in the state, they already have the ability to do so. Now, why do you suppose that they haven't?
---------- Post added at 10:18 AM ---------- Previous post was at 10:15 AM ----------
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Originally Posted by rahl
Are you reffering to the brokers point of view or the company's? What internal competition do you mean? I'm an agent for a supplemental company not health insurance, but it's the same license. And I deal with health ins. brokers all the time. I don't deal with multiple carriers just my own.
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What is being proposed is that different insurance carriers (which are commonly owned by a single insurance company, i.e. the various Blue Cross/Blue Shield companies) be allowed to conduct business across state lines. So that BCBS of IL could compete against BCBS of AL, for example. That is the internal competition, and in the P&C world, it only happens rarely.