Process to Repeal Commercial Insurance’s Antitrust Exemption Begins
The House Judiciary Committee passed legislation that would partially repeal the antitrust exemption currently enjoyed by commercial insurance carriers under McCarran-Ferguson. The legislation would allow the Federal government to prosecute insurers for violations of antitrust law if they are found to be engaged in price-fixing, bid-rigging or market allocations. It is likely that such a provision will be included in the healthcare reform package.
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