I keep seeing this idea to deregulate health insurance everywhere- there is an editorial in the WSJ, Reason loves it (shocker!), and E.D. Kain thinks it is a great idea.
My question- why does everyone think this will be such a great thing? Won’t the exact same thing that happened with credit cards happen with health insurance? They’ll just buy a state legislature somewhere (maybe North Dakota or Delaware), and everything will then be a race to the bottom.
Am I wrong about this?