The insurance industry would come under new regulation under the bill, which would ban the practice of denying coverage on the basis of pre-existing medical conditions.
VOA: standard.2009.11.23
As vested industry interests relentlessly lobby and win favors in exchange for political contributions, each new restrictive regulation and practice becomes the baseline for a next round.
Daniel Diermeier is the IBM professor of regulation and competitive practice and professor of managerial economics and decision sciences at the Kellogg School of Management at Northwestern University.