Wednesday, February 24, 2010

Repeal Of Antitrust Exemption On Fast Track

Soon after the White House summit on health care tomorrow, look for the House of Representatives to consider and vote on a limiting the antitrust exemption currently enjoyed by health insurers

On February 22, Rep. Thomas Perriello (Vir.) introduced H.R. 4626, “to restore the application of the Federal antitrust laws to the business of health insurance to protect competition and consumers.”

The bill has been put on a fast track for consideration and will be discussed without amendments.

H.R. 4626 has 72 cospsonsors, and reportedly President Barack Obama has signaled he supports the legislation.

The proposal would amend the McCarran-Ferguson Act so that the antitrust rules would apply to “the business of health insurance” to the extent that insurers engage in unfair methods of competition.


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