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News for Norther Colorado and the world

Wednesday, February 22, 2017

Posts Tagged ‘credit cards’

Selling health insurance across state lines

Selling health insurance across state lines

To the Editor, Republicans want to scrap Obamacare and, instead, allow the sale of health insurance policies across state lines, claiming that increased competition will lead to lower premiums. Will it? Let’s review a parallel history of credit card interest rates. Back in the 1970s, if you wanted a credit card, you went to your local bank. States set maximum interest rates of around 12%. In the 1980s, Congress and the Reagan Administration allowed credit cards to be issued across state ... Full Story