In the first sentence, Congress will amend the McCarran-Ferguson Act to allow interstate competition in health insurance.
The very next sentence of my bill provides that the exclusive regulator of insurance companies will be the state where the company's home office is. Every insurance company in the country would incorporate in the state with the fewest government mandates, just as most corporations are based in Delaware today.
The third sentence of my bill would prohibit the federal government from regulating insurance companies, except for normal laws and regulations that apply to all companies.
My bill will solve nearly every problem allegedly addressed by ObamaCare -- and mine entails zero cost to the taxpayer. Indeed, a free market in health insurance would produce major tax savings as layers of government bureaucrats, unnecessary to medical service in America, get fired.
The market is a more powerful enforcement mechanism than indolent government bureaucrats. If you don't believe me, ask Toyota about six months from now.
Right now, insurance companies are protected by government regulations from having to honor their contracts. Violating contracts isn't so easy when competitors are lurking, ready to steal your customers.
This makes sense to me. So why is Ann Coulter coming up with it instead of the Republicans?