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Originally posted by: malibber2
This rule change does nothing nor does any of the discussed legislation offered by Democrats or Republicans. It is all just noise. Obama's rules change and the proposed legislation doesn't force insurance companies or state insurance regulators to comply. The insurance companies aren't going to bother to go through the state certification process to be able to sell a policy for a year. States aren't going to want to expend state resources to certify dying policies for another year. So the bottom line is it makes no difference it is all just for show.
Originally posted by: malibber2
This rule change does nothing nor does any of the discussed legislation offered by Democrats or Republicans. It is all just noise. Obama's rules change and the proposed legislation doesn't force insurance companies or state insurance regulators to comply. The insurance companies aren't going to bother to go through the state certification process to be able to sell a policy for a year. States aren't going to want to expend state resources to certify dying policies for another year. So the bottom line is it makes no difference it is all just for show.
I don't see how you can have a successful free market with all these requirements. Some insurance companies might profit a bit too much from these laws to the detriment of other insurance companies. An Equalization of Opportunity Bill will be needed to ensure all companies that want to insure Americans have a fair chance.