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Sen. Sununu Opens Hearings on Federal Regulation of Insurance

National News • July 11, 2006
U.S. Senator John Sununu (R-NH), who introduced the National Insurance Act of 2006 with Senator Tim Johnson (D-SD) on April 5, 2006, opened hearings today on the controversial legislation that ...

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Subject: RE: RE: RE: RE: RE: Federal regulation

Posted On: July 21, 2006, 12:21 pm CDT
Posted By: Neel
Comment:
The state by state system is good for the varying rules and regulations that are state specific. A nationalized system would be far less efficient and much less in tune with the needs of policyholders. In addition any nationalized system would be far too politicized and subject to the whims of whomever is in the white house.

Insurance is a vast and complex industries. There are hundreds of millions of people in this country--many of whom have multiple insurance plans. It would be impossible for a federal insurance agency to not become a bloated bureaucracy that is slow to change and slow to aid policyholders.

The Federal Government has bungled far too many things to inspire any confidence in their ability to police something as complex and varied as the insurance industry.
Subject Posted By Posted On
RE: RE: RE: RE: RE: Federal regulation Neel
Jul 21, 2006, 12:21 pm
RE: RE: RE: RE: Federal regulation Pat
Jul 12, 2006, 8:18 am
Free Enterprise Vs Entitlement Mark
Jul 11, 2006, 5:39 pm
RE: RE: Federal regulation Jim
Jul 11, 2006, 4:28 pm
RE: RE: RE: Federal regulation Humor
Jul 11, 2006, 1:50 pm
Federal regulations & Sununu Nan
Jul 11, 2006, 1:47 pm
RE: RE: Federal regulation Bob
Jul 11, 2006, 12:50 pm
RE: Federal regulation Rick
Jul 11, 2006, 12:44 pm
Federal regulation Edwin
Jul 11, 2006, 12:13 pm
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