Monday, February 8, 2010

Bill Would Apply Antitrust Laws To Insurance

http://www.npr.org/templates/story/story.php?storyId=123412617&sc=17&f=1001

Bill Would Apply Antitrust Laws To Insurance
by Julie Rovner

NPR - February 8, 2010

With Congress still at an impasse over how to proceed with a major health overhaul, the House this week will vote on a small piece of the measure instead: a bill to repeal a decades-old insurance industry exemption from antitrust laws.

"For 65 years, the insurance industry has had a unique — well, they and Major League Baseball — but the insurance industry has had an exemption from antitrust legislation in terms of price fixing and collusion, and you name it," said House Speaker Nancy Pelosi.

The bill, to change the 1945 McCarran-Ferguson Act, is highly popular with House Democrats, although less so in the Senate. [more]

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