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Thursday, November 5, 2009

Instead of a public option, give the public options

In the Boston Globe, Jeff Jacoby shares three ideas to make health insurance more accessible and affordable.

Tear down the barriers to buying insurance across state lines.

Under federal law, states are permitted to regulate “the business of insurance’’ as they see fit, and most have seen fit to allow the sale only of insurance policies licensed by their own insurance commissions. As a consequence, there is no competitive national market for health insurance; there are 50 state markets instead, most of which are dominated by a handful of insurers. This, says Michael Cannon of the Cato Institute, is the “original sin’’ of health insurance regulation.

When it comes to almost any other product or service, Americans would find a ban on interstate commerce and competition intolerable: Imagine being told that you could buy a car only if it was manufactured in your state. Consumers in the market for a mortgage are free to do business with an out-of-state lender; those in the market for health insurance should be equally free to do business with an out-of-state insurer.

1 comment:

  1. WOW a pro free market statement comming out of the socialist state of MA. i'm shocked how did you even get that statement to print?

    By the way Jeff you are to be commended, good job while we are at it. Why don't we put even more pressure on the legislature and demand of them; that not only will we shop elswere for health insurance, but ALL insurance and ALL goods and services.

    That includes Canada for our Medication's.

    Signed Stephen Retzke