House committee votes to repeal antitrust protections for health insurers - Washington Post: Congress

Washington Post | Oct. 21, 2009

() The House Judiciary Committee voted Wednesday to strip federal antitrust protections shielding health insurers from investigations into price fixing and other business practices, the first step in a legislative bid to clamp down on the much-maligned industry. Full Story »

Posted by Samuel W. Velsor IV - via Memeorandum, NewsRack (Health Care)

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Samuel W. Velsor IV
3.8
 by Samuel W. Velsor IV - Oct. 21, 2009

This is fantastic that it sailed through the committee was a surprise and with some republicans is just great. Wonder if someone has started a similar bill in the House.

“No one on this committee believes that price fixing or carving up markets is a good thing, and the wide, bipartisan support for this bill’s passage reflects this,” said Judiciary Chairman John Conyers (D-Mich.). “This measure fixes a mistake sitting on the federal statutes for over sixty years.”

The insurance industry asked for this, did they not.

Samuel posted this story.

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