Quote:
Originally Posted by kane
Being allowed to purchase insurance across state lines with change nothing. There are already several states that allow it and so far there have been zero insurance companies who have taken up the offer and moved into those areas. Some places, where there might be enough people for them to make a profit, might see some more choices, but the problem is Trump is also trying to kill the money that is given to people to help them pay for it. Without that money, people won't be able to afford it no matter how many options they have and Rand Paul is not about to agree with him when it comes to giving people money.
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It's all about creating competition in the market. Being allowed to purchase across state lines creates competition. In addition, allowing groups to pool together to negotiate lower prices helps further. The adult industry could have it's own insurance association. As with any other industry it should drive down prices. If insurance companies need more profit they have to go to the providers and make them reduce costs. Again driving down prices.
As it is right now insurance companies base pricing/profit/losses on localities. This is why they are pulling out of one place and not others. Something as simple as forcing them to base profits as a whole of the US would help a lot. As of January 2018 Knoxville TN will have 0 providers in ACA. Something like 40k people will lose their insurance and there is no replacement option. That's because the only provider remaining can't sustain all the losses. The same thing happening there will begin to spread across the US.