|
Prosecute Insurance Monopolies |
"We'll investigate and prosecute the monopolization of the insurance industry. And where we do find places where insurance companies aren't competitive, we will make them pay a reasonable share of their profits on the patients they should be caring for in the first place."
-- Iowa City, Iowa
|
OCTOBER 21, 2009
Congress Moves On Antitrust Bills
The House Judiciary Committee approved the Health Insurance Industry Antitrust Enforcement Act, a bill designed to keep insurers from engaging in monopolistic practices and allowing the Department of Justice to enforce federal laws against price-fixing and market allocation. The Senate's more-sweeping version would repeal 1945's McCarran-Ferguson Act, which left the health insurance industry virtually exempt from federal antitrust laws. Both the House and Senate hope to include this bill in Congress' final health care overhaul. |
|
OCTOBER 17, 2009
Obama Issues Warning To Insurers
Obama issued a stern rebuke to the insurance industry in his weekly address, warning that its freedom from antitrust laws could be coming to an end. The industry, he said, earns "profits and bonuses while enjoying a privileged exception from our antitrust laws, a matter that Congress is rightfully reviewing." |
