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Eighteen Senate Dems revive call to end insurers' anti-trust exemption
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Jan 13, 2010 05:02pm |
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| Category | News |
| Author | Tony Romm |
| News Date | Wednesday, January 13, 2010 11:00:00 PM UTC0:0 |
| Description | The campaign to end health insurers' federal anti-trust exemption reemerged on Wednesday, as 18 Senate Democrats urged their party's leaders to preserve the repeal in their final healthcare bill.
The House's legislation would end the anti-trust provision, but the Senate's proposal would not. The repeal's 18 sponsors consequently asked party leaders to adopt the lower chamber's approach, stressing a repeal was the only way to drive down costs and foster competition among insurance companies.
"There is simply no reason for health insurance and medical malpractice insurance companies to be exempt from Federal laws prohibiting price fixing, bid rigging, and market allocation. These acts hurt consumers, drive up health care costs, and should be prohibited in the health insurance industry, as they are in virtually every other industry," wrote the 18 lawmakers, led by Sen. Patrick Leahy (D-Vt.), to the party's leaders. |
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