Originally Posted by Pawnmower
because huge businesses with lobbyists can't seem to be able to regulate themselves until after someone forces it on them...then somehow all of a sudden "they could've done it without being forced"
so many of these changes should've come a long time ago
I really dont see the difference between putting trust in a monopoly type of system over one that has REAL competition and comparison shopping built in...
can you explain why exchanges with standardized language and easily understandable comparison shopping is bad for the consumer?
Why is it a bad thing for a consumer to be able to join a group like an exchange and get a group rate rather than an individual rate?
Because you assume that this exchange is going to happen just by making it so. Setting up these exchanges is going to require an unbelievable amount of administration and processes that the government is ill-equipped to manage. I've worked in property and casualty insurance. I can assure you that something as basic as building technology platforms across state lines is incredibly complex.
I am not right wing, even though I lean pretty heavily in that direction. I'm not opposed to regulation. As I've said before, a lot of the problems can be fixed through efficiency (transparent pricing, simplifying coding and billing, moving to electronic records, etc...). I don't see why regulation couldn't have shifted the market instead of this massive government intervention.