A small victory for consumers? That's not what we need. This bill needs to go down in flames.
If enacted, the insurance companies will do what the credit card companies did. They'll all open a little office and incorporate in whatever state (Delaware, South Dakota) has the most lax insurance laws and regulations. They will then proceed to buy the state legislature (of that one, small state), and then get whatever laws they want passed. This will take away from the other 49 states the right to regulate insurance. This will seriously hurt consumers, in the same way we get abused by credit card companies.
It was a bad idea then, and it's a bad idea now. If a Democratic Senate passes this law and a Democratic President does not veto it ...
-Laelth
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