Ezra Klein on R's healthcare bill: Will the Northern Marianas Become America's Insurance Capital?

[flpoljunkie]

Will the Northern Marianas become America's insurance capital?

It seems that the Republican health-care alternative is, surprisingly, even worse than I thought. It's not just that it allows insurers to cluster in whichever state has the loosest regulations and sell policies that only accord with those minimal standards (which is the dynamic that brought you a credit card industry based almost entirely out of South Dakota). It also allows them to use the Virgin Islands, Guam, American Samoa and the Northern Marianas for the same purpose. All those territories are poorer, and would have even more incentive to give insurers whatever regulatory concessions they wanted in return for the jobs and tax revenue that would come from Wellpoint opening offices in Guam.

By Ezra Klein | November 6, 2009

http://voices.washingtonpost.com/ezra-klein/2009/11/will_the_northern_marianas_bec.html

[TomCADem]

1. K & R!

Nice to put some perspective on what the opposition if proposing to offer. Do you support it or what is being offered by the Obama administration?