Hillbilly wisdom: you can not make insurance companies provide coverage within your state. As a state you can set rates which must be considered but whether the company chooses to work within your state is a private decision. And personal experience tells me when one company leaves the others will do likewise or the rates, at the least, will double.

Insurance companies are owned by stockholders. These stockholders hold shares in multiple companies as insurance is a relatively safe and dependable investment. The stockholders interest is to protect their bottom line. If they can not assure themselves of the sufficient rate of return on their investment by getting the appropriate rate increases, it is in their best interest to move one company out of the state and reap additional benefits from the one left behind. By stopping all insurance coverage within the state, they are not singling out any particular group. Thus the company is protected from suit. This is considered legal, and good business.

While I acknowledge Governor Sanders awareness of the brutal outrageous rate increase request. The governor’s power to control private companies is seriously in doubt. Passing the buck to agencies overseeing them is both forward looking and fortuitous. When your policies cut numbers from government’s program, the claims against private companies has to increase. This is reality. As my friend says,”we have a problem” brought on by your actions. You have contributed to the problem and now you would have us believe that is all the fault of those greedy insurance companies. Maybe, the campaign contributions were not what one would expect them to be.