Reviving Health Insurance in Vermont (part 1)
This report explains why unwise laws and regulations have almost destroyed Vermont's health insurance market, and how sound policies will revive it. Today's health insurance crisis is the direct result of the near-collapse of Blue Cross/Blue Shield of Vermont in the late 1980s. For Blue Cross, survival as an insurer with a "social mission" required getting the state to impose community rating on its competitors, with the aim of driving them out of the state. By the end of 1992 Blue Cross had for all practical purposes become a ward of the state.