A PYMNTS Company

US: House Dems fight health insurer antitrust immunity

By  |  February 21, 2013

Two Representatives have introduced a bill to Congress that would repeal a 1945 law giving health insurers exemption from antitrust law. Representative Peter DeFazio (D-Oregon) and Representative Louise Slaughter (D-New York) introduced the bill last Tuesday. The politicians are arguing that the exemption makes it legal for health insurers to “collude to drive up prices, limit competition, conspire to underpay doctors and hospitals, and price gouge consumers.” This will mark the second attempt to pass the law, which did not successfully enter into President Obama’s healthcare reform.

 

Full Content: The Hill

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.