Democratic Congress members Tom Perriello and Betsy Markey have announced plans to introduce a measure this week to repeal the insurance industry’s exemption from federal antitrust laws. Critics say the McCarran-Ferguson Act of 1945 has granted the insurance industry a captive market with no curbs on price fixing and other anti-competitive practices. A similar measure passed in a House committee vote last year but has stalled with the breakdown of talks on healthcare reform.
House Bill Would Repeal Health Industry Antitrust Exemptions
HeadlineFeb 04, 2010