[Alberta's Child]

It's not a "K Street" issue. It's a matter of insurance companies lobbying heavily at the state level, not in Washington.

The McCarran-Ferguson Act of 1945 stipulated that the insurance industry could not be regulated at the Federal level. This is because Congress determined that an insurance policy is a contract, not a commercial purchase ... and contract law comes under the jurisdiction of state courts.

[pepsionice]

I agree with you absolutely. You can go to a state like Alabama and find all kinds of insiders/lobbyists who are milking the state system, to ensure x-policies cost this much, and that the state commission avoids asking loaded questions.

Imagine having a state by state milk system, and that a gallon of milk in Tennessee cost $1.25, and in Kentucky, it’d be $0.94. You’d eventually wise up and buy the product in Kentucky.

[bankwalker]

an insurance policy is a contract, not a commercial purchase ...

this, this, and this .... says it all ....

[i_robot73]

>
The McCarran-Ferguson Act of 1945 stipulated that the insurance industry could not be regulated at the Federal level. This is because Congress determined that an insurance policy is a contract, not a commercial purchase ... and contract law comes under the jurisdiction of state courts.
>

Yet, they interfere vs. ‘min. wage’ and all else...Here’s where “regulate (make REGULAR) interstate commerce” should truly kick in