This is where Trump the populist lets his mouth get away from him. The insurance industry is regulated at the state level, not nationally. The only way to do what he wants to do is ignore the Tenth Amendment, and then shut down every state insurance commission across the country and replace them all with a Federal "insurance czar."
There's a hidden agenda at work here, of course. Trump's home state of New York has a reputation for being among the most expensive states in the U.S. for most types of insurance. It's actually not a bad thing. One big reason for this is that New York is one of the most onerous regulatory environments for insurance carriers, and these regulations are aimed at protecting policy holders by ensuring the financial stability of the insurance companies.
When Trump says we should eliminate state lines for the insurance industry, he's not suggesting that someone in New York should be able to buy an insurance policy from a Mississippi company. He wants to put the Mississippi company out of business by forcing it to meet New York's regulatory requirements.
If you have any doubt about this, just understand that this is exactly what all of the idiotic coverage requirements under ObamaCare were all about.
The insurance industry is regulated at the state level, not nationally. >>>>>>>>>>>>>>>>>
Yes. I happen to actually know that.
And that is about to change, my dear.
The federal government can regulate the insurance industry by virtue of the Commerce Clause of the US Constitution, (Article I, Section 8, Clause 3).