“Brewer says she vetoed the bill Thursday partly because of a provision added late in the legislative process. That provision would have allowed insurers licensed by Arizona to drop specific mandated coverage if an out-of-state company doesn’t provide the mandated coverage in a policy issued in Arizona.
Brewer also says she has concerns about whether Arizonans would have adequate recourses if mistreated by out-of-state insurers.”
http://www.kvoa.com/news/gov-brewer-vetoes-health-insurance-reform-bill/
And she vetoed the “birther bill” and came up with an excuse. I don’t trust her, but it doesn’t really matter because I don’t live in AZ.
Some states have claimed that those contracts are regulated by their State Insurance Regulators, but they are not. There is some give-n-take by the plans and the states as a compromise, but it's not insurance.
This is exactly right. There are reasons why states have insurance oversight bodies, and a big reason is that it helps ensure the financial stability of insurance companies and protects state residents from half-@ssed insurance companies that operate outside of any state oversight.