What role do regulations play in health insurance according to public policy?

Regulations play a crucial role in establishing uniform standards and practices within the health insurance industry. By creating guidelines that insurance companies must follow, regulations help ensure that all providers adhere to certain quality and care standards. This uniformity is essential for maintaining fairness and accountability, allowing patients to understand their rights and the level of coverage they can expect. With consistent regulations, there is a greater ability to compare different insurance products, which contributes to informed decision-making among consumers. By fostering this standardization, regulations enhance the overall integrity of the healthcare system, enabling better access to care and protection for patients across various demographics.