Where did you get that number? One of the biggest drivers of cost in the insurance market has been the state mandates. Buying insurance across state lines will put the state insurance boards and state legislatures in competition and will force them to drop all of these crazy mandates.
You're not getting a higher interest rate on your bank accounts, are you?
Are your interest payments any lower than they would have been with hundreds of banks operating independently in each state?
One of the biggest drivers of cost in the insurance market has been the state mandates.
That may have been the case before 2009, but with Obamacare one of the biggest drivers has been the FEDERAL mandates ... which doesn't change in the Ryan bill.
People seem to have this idea that insurance premiums are going to be reduced because they're going to be able to pay Mississippi premiums for an insurance plan that is sold in New York. That's hardly the case at all. With the Federal mandates, you're basically paying New York premiums even if you live in Mississippi.