The House Judiciary Committee approved a bill in a 20-9 vote on Wednesday to repeal some of the health insurance's antitrust exemptions.
The provisions fall under the McCarran-Ferguson Act of 1945, which exempts insurance businesses from federal antitrust laws, provided they are regulated by state law. The amendments under consideration in Congress would not impede on states' rights to oversee insurance companies.
The trade group for health insurers, America's Health Insurance Plans, said in a letter to congressional leaders that insurance is already one of the most regulated industries, and the pending bills “attempt to remedy a problem that does not exist.”
What do you think? Post a comment on this article and share your opinion with other readers. Submit your comments to Modern Healthcare Online at [email protected]. Please be sure to include your hometown and state, along with your organization and title.