Senator Andy Sanborn (R-Bedford) is sponsoring the bill, saying that it will bring more competition to the health insurance market, thereby driving prices down for consumers
This isn’t the first time that a state has tried such a move, however.
In 2011, Georgia attempted the same move, though found that no out-of-state company wanted to participate in the program because it didn’t have an established network of healthcare providers within the Peach State and it couldn’t afford to pay out-of-network fees.
Writing in 2012, a Forbes contributor similarly described Georgia’s law as “a major bust,” because patients who used out-of-state insurance often had to use physicians from the same state.
“A Georgian — who finds herself with an unpaid insurance claim — is forced to hire a New York lawyer to sue a New York insurance company in a New York court,” wrote contributor Rick Ungar.
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