Why is it that my car insurance Inhad in Texas transferred to Utah; but the medical insurance I have in Utah is NOT EVEN AVAILABLE in Texas?
Congress needs to get out of the insurance business. It is not in the constitution, Congress critters are generally very stupid creatures, and they manage to screw up everything they touch. Simply allow insurance companies to compete inter-state like car insurance does.
Insurance is nothing more than “risk transfer”. I opt to pay some amount of money to transfer the risk from me, to a company. If someone chooses not to transfer the risk, then they accept the risk. This risk may be steep financial liability or death. These are adults making adult decisions. If we are going to do “free insurance” I could be persuaded to consider minors under the age of 21. If you are not a legal adult, you cannot make an adult decision.
>>>Why is it that my car insurance Inhad in Texas transferred to Utah; but the medical insurance I have in Utah is NOT EVEN AVAILABLE in Texas
With auto insurance, you are just looking for a check to cover your expenses. You get to choose who does the repairs. With health insurance, you are purchasing access to a network of doctors and hospitals that the insurance company has agreed to cover some agreed upon costs. Your Utah insurer is not likely to have much of a network in Texas. This is why the ability to sell across state lines is overrated as a cost saver.
It didn't.
It may have been offered by the same insurance company but I assure you you got a new policy.
Just like health insurance, where United Healthcare offers policies in multiple states but they're all still regulated at the state level.
HELLO!!! We Have A BINGO !
Agreed. We have been distorting the market through government intervention in crazy ways, then somehow we fall for the argument insurance is a fundamental need and so of course has to be provided by the government.
Yet, we know that more fundamental needs, such as food and shelter, are better provided by the free market than through the government.
Because your auto insurance company went to the trouble of registering to do business in both Texas and Utah and had established a network of providers in both states. Your heath insurance company did not.
Congress needs to get out of the insurance business. It is not in the constitution, Congress critters are generally very stupid creatures, and they manage to screw up everything they touch. Simply allow insurance companies to compete inter-state like car insurance does.
Congress is out of the insurance business because the Constitution grants the states the power to regulate insurance companies and not the federal government. Insurance companies can compete in different states. All they need to do is meet the state's requirements and establish a network of providers.
“Congress needs to get out of the insurance business. It is not in the constitution...”
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John Roberts disagrees.