Democrats and Conservatives Attack 64-Year Health Insurance Industry Anti-Trust Exemption
Friday, October 23, 2009
Fed up with the health insurance industry’s opposition to health care reform, Democrats in Congress took action on Wednesday to strip anti-trust protections that insurers have enjoyed since the end of World War II. Bills in both the House and Senate contain language that would drop health insurance companies from inclusion in the McCarran-Ferguson Act of 1945, which exempts insurers (as well as railroads and Major League Baseball) from federal anti-trust authority. While the Senate has only introduced its version, the House Judiciary Committee voted 20-9 to approve H.R. 3596, with three conservative Republicans, Dan Lungren (CA), Louie Gohmert (TX) and Tom Rooney (FL), joining the Democratic majority.
Senator Patrick Leahy (D-VT), chairman of the Senate Judiciary Committee, said Democrats hope to end “price-fixing, bid-rigging and market allocation in the health and medical malpractice” insurance areas.
-Noel Brinkerhoff
Democrats Push To End Insurers’ Antitrust Exemption (by David Welna, NPR Morning Edition)
Dems Go After Antitrust Exemption for Insurers (by David Espo, Associated Press)
House Panel Votes to Ax Antitrust Exemption for Insurers (by Russ Brit, MarketWatch)
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