Politicians in most of the states caved in to insurance companies and prohibited health insurance sales across state lines.
Politicians in Washington left this alone when they "reformed" health insurance last year.
This bad combo now comes home to roost and Blue Shield of California wants to raise rates by as much as 59% on some policies.
Bad policies create problems that often spawn more bad policies. But we now have two bad policies interacting. The "solution" that we hear about is pressure from HSS on Blue Shield and others to roll back/reconsider rate hikes.
They are not yet being pressed to stay in business. Not sure how hat would work. Perhaps a bail-out. But bail-outs are not exactly uncharted territory.
It now appears that there are more bad policies on the way.