• Congressional Dems say interstate health insurance could offer consumers less protection Thursday, December 17, 2009

    Washington Post:  Thirty-one Democrats in the U.S. House of Representatives, led by California’s Jackie Speier, are objecting to a provision in the current Senate health-care bill that would allow insurers to sell policies across state lines.  The members said in a letter to the Democrats’ Congressional leaders such a change would mean “insurers will domicile their plans in states with less stringent regulations…just like nationally chartered banks have done.”  Georgetwon University law professor Adam Levitin has written that interstate banking led to a collapse of consumer protection in the financial services industry:  “Consumer protection was a traditional element of states’ regulatory power until federal preemption ousted states from almost all direct regulation of federally chartered banks without substituting equivalent protections and enforcement.”

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  • CA Supreme Court comes down in favor of big insurance, against consumers

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