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Originally Posted by kane
For sure. If they add a new fee/tax on to every policy, that will just raise the cost of the policy. I Think that Obama somehow beleives that if every insurance company can operate in every state then the competition will lower costs so much that even with the fee it will be much lower than it was before.
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If you mandate that insurance companies have to pool nationwide, rather than individual pools by state, individual risk will drop and pricing will be less dependent on local factors. As your average New York state resident what would happen to their insurance costs if nationwide pooling were instituted.