No out-of-state insurers offer plans in Georgia

[Greenbeard]

Since state laws are what stand in the way of out-of-state insurers selling health insurance in a state's market, a state can rescind those restrictions at any time. A few are in the process of testing that out. Like Georgia, which will now license insurers from any state and allow their plans to be sold in its market, even if those plans don't comply with the consumer protections in Georgia law.

It's only been a few months but so far there aren't any takers.

No out-of-state insurers offer plans in Georgia | The Atlanta Journal-Constitution

A new law that allows Georgians to buy health insurance plans approved by other states was envisioned as free-market solution that would lower prices and increase choices.

So far, the law has failed to produce results: Not a single insurer is offering a policy under the new law.

“Nobody has even asked to be approved to sell across state lines,” Georgia Insurance Commissioner Ralph Hudgens said. “We’re dumbfounded. We are absolutely dumbfounded.”

Many conservative policymakers say a more open insurance market free from individual state regulations could add competition to the private market for health plans, used mostly by people who can’t get insurance at work. But the experience so far in Georgia has some wondering whether the concept is the answer after all.

Hudgens, a conservative Republican who strongly supports free-market ideas, said he expected policies sold in states such as Alabama, which have fewer requirements for health plans, to be offered in Georgia after enactment of the law.

“I’m really surprised because it was such a bumper sticker issue by Republicans saying if we could get across state line selling, we could reduce the cost of health care,” he said.

The standard thought process from the "dumbfounded" folks seems to be 1) maybe it's Obama's fault, and 2) maybe Georgia didn't deregulate enough.

My own suspicion is that the larger concerns are that 1) the individual health insurance market is small (~5% of the U.S. population and the same percentage of Georgia's population) and 2) building adequate provider networks (with reasonable reimbursements) is going to be challenging in a state you're not in, particularly when you have no customers to offer.

But it's early.

 

[rdean]

Out of state insurance is the fastest way to get butt fucked.

They are "out of state". Duh! How can they be regulated. You want to buy insurance from someone who can't be regulated. Were you dropped head first?

Here, I have an "out of state" car you might want to buy:

 

[Oddball]

As we conveniently leave out this passage:

Ramsey said insurers are hesitant to change their business models until the Supreme Court decides whether the federal health care law is constitutional — a ruling expected in June. The outcome of that case has significant implications for every health insurer.

“I think everyone is kind of waiting, and I do not blame them,” Ramsey said.

Kind of like just about everything else having to do with the current amateurs and ivory tower dwelling central planner theorists, currently populating the Obolshevik regime....Everyone with any *ahem* "skin in the game" is holding their cards.

 

[Greenbeard]

The standard thought process from the "dumbfounded" folks seems to be 1) maybe it's Obama's fault, ...

Who could've guessed Obama would be blamed for the GOP's miracle solution struggling?

 

[Oddball]

More lies-by-omission, from our current OIRA flack:

Because the law still requires Georgia licensing and oversight, it does not create a completely free-market scenario. It essentially just allows insurers licensed in Georgia to get around the state’s benefit mandates

 

[Greenbeard]

... and 2) maybe Georgia didn't deregulate enough.

Who could've guessed that allowing out-of-state insurers to sell in the state exempt from the state's benefit mandates and consumer protections wouldn't be enough to make the miracle solution work? Deregulate more!

 

[rdean]

... and 2) maybe Georgia didn't deregulate enough.

Who could've guessed that allowing out-of-state insurers to sell in the state exempt from the state's benefit mandates and consumer protections wouldn't be enough to make the miracle solution work? Deregulate more!

Getting buttfucked is a "miracle solution"? Yuk!

 

[auditor0007]

... and 2) maybe Georgia didn't deregulate enough.

Who could've guessed that allowing out-of-state insurers to sell in the state exempt from the state's benefit mandates and consumer protections wouldn't be enough to make the miracle solution work? Deregulate more!

Getting buttfucked is a "miracle solution"? Yuk!

I tell ya, the first place I'm going to look to buy my health insurance is from a company 2000 miles away.

 

[CrusaderFrank]

As we conveniently leave out this passage:

Ramsey said insurers are hesitant to change their business models until the Supreme Court decides whether the federal health care law is constitutional — a ruling expected in June. The outcome of that case has significant implications for every health insurer.

“I think everyone is kind of waiting, and I do not blame them,” Ramsey said.

Kind of like just about everything else having to do with the current amateurs and ivory tower dwelling central planner theorists, currently populating the Obolshevik regime....Everyone with any *ahem* "skin in the game" is holding their cards.

Doh!!!

 

[EdwardBaiamonte]

Who could've guessed that allowing out-of-state insurers to sell in the state exempt from the state's benefit mandates and consumer protections wouldn't be enough to make the miracle solution work? Deregulate more!

Getting buttfucked is a "miracle solution"? Yuk!

I tell ya, the first place I'm going to look to buy my health insurance is from a company 2000 miles away.

even worse, imagine buying a car from a company 7000 miles away!!