Federal or State? Which is Better for Consumers?

In a recent article for the Idaho Statesman, Peter Crabb, professor of finance and economics at Northwest Nazarene University in Nampa, ID, outlined the benefits of a federal vs. a state-run insurance exchange, the greatest of which was increased competition and better product development as a result.

The situation is analogous to interstate banking. In 1975, Maine opened its markets to branch banking and saw little change in services or prices. It was not until all states followed in the early 1990s that the benefits of interstate banking became evident. It will take time and many state-law changes, but a more open market will lead to better consumer choices and lower prices.

What would be better for consumers? ¬†Read the full article and make the decision for yourself…