On the recordJanuary 20, 2010
Doctor, reclaiming my time again, what you're saying is you're combining a couple of ideas, but you're saying it fast. I want to make sure people can understand it. The first thing you're saying is you can buy insurance across State lines. Particularly if you live in a place like, for instance, Kansas City, Missouri--and there's a Kansas City, Kansas, right across the river--you could be buying insurance out of two markets instead of one or even possibly from someplace like all the way up in Massachusetts. So that's one idea. As to your other idea, though, it sounds like what you're saying is you're allowing the individuals, let's say, who work for some small employer to pool together to create large pools, which then gives you the statistical smoothing so that you could apply for insurance, one, because you have a whole lot of buyers. You're a significant player, so you can buy at a discount price. Second of all, if somebody does get ill, you can smooth that load over a big enough base that it doesn't affect it. Am I understanding you correctly? I yield.
Source
govinfo.gov




