Removing the Health Insurance Industry’s Antistrust Exemption
A late-comer to the schedule in the House this week is H.R. 4626, the Health Insurance Industry Fair Competition Act.
The bill would remove exemptions for health insurance that were enacted by the McCarran-Ferguson Act back in 1945. So it’s no more price fixing, bid rigging, and market allocation for health insurers!
I don’t know that they’ve actually been doing that stuff, of course. Insurers, for their part, say that they are already a highly regulated business, and the worry about legal uncertainties that passing H.R. 4626 would create.
At this writing, the vote on this just-introduced bill is neck and neck. The current result is below. Click to vote, comment, learn more, or edit the wiki article about the bill.