Health Insurance Companies Exempt from Anti-Trust Laws
Did you know about this? I had no idea until I got an e-mail the other day.
The McCarran-Ferguson Act of 1945 exempts health insurance companies from the federal anti-trust legislation that applies to most other businesses. WTF???
This outdated law (if it was ever “in” date) might finally be corrected. Senator Patrick Leahy and Rep. John Conyers have introduced the Health Insurance Industry Antitrust Enforcement Act — S. 1681 and H.R. 3596 respectively — to break up the health insurance monopoly and force these companies to actually compete. What a concept.
Whether or not they ever have to compete with that commie government option, they’ll at least be competing with each other. For a change.
It’ll be fun to hear those “free enterprise” “market forces” Republicans shouting and squealing against a bill that promotes competition. And you know they will.
If you’re ready to break up the health insurance monopoly, tell your senators and your congressional representative. Enough is enough.