An article published in the New Republic, according to a Kaiser news bulletin,
expresses a common argument against the Shadegg bill 2355 which would
allow individuals to shop nationwide for health insurance.
Cohn
writes. ….health insurance “isn’t just another sweater you can return
to L.L. Bean if it arrives with holes in it,” and residents “won’t have
somebody to warn them if they are about to purchase a defective
policy.” Cohn adds that the bill would “flood consumers with new
options, overwhelming the regulators, many of whom already feel
undermanned in the fight against scam artists.”
That’s the
problem: government regulators who attempt to protect customers
from scam businesses are often behind in the paperwork and then getting
the warning out to the public. But the internet shopping world has
already created more efficient ways to monitor and warn customers about
bad products or bad businesses. ePublicEye.com is one of serveral
good choices. If allowed to sell over the internet, across state lines,
insurance companies can submit themselves to such watchdog services
(which they will do, because it is good business) and we can learn in
real time from other policy holders whether the service is worth our
premium dollars or not.
