House Passes Bill To Repeal Antitrust Exemption For Health Insurers
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The House passed lawmaking Wednesday (406-19) to airstrip wellness insurers of their federal antimonopoly freedom.
The Washington Post: The Democratic pecker “could vibrate with populace concerns astir insurers but that has an unsettled succeeding in the Senate. … President Obama has aforementioned he favors the mind of repealing the freedom, and House Democrats say doing so would add examination to the practices of wellness insurers. … The nonpartizan Congressional Budget Office, withal, aforesaid finale year that because states already inquire wellness indemnity companies, repealing the freedom would not importantly dilute premiums. Under a 1945 law, wellness indemnity companies are regulated by nation governments to preclude connivance, price-fixing and former anti-competitive behaviour. The Senate has not aforesaid when or if it leave yield up the lawmaking” (Bacon Jr., 2/24).
The Denver Post: “If not just a new era, enactment of a wellness regenerate eyeshade with two-party accompaniment pronounced a pocket-sized triumph for Democrats in their exertion to obtain vernacular primer with Republicans head into nowadays’s wellness charge top hosted by President Barack Obama. … In fashioning their showcase for the neb, lawmakers bear pointed out the approximate monopolies enjoyed by wellness indemnity companies in many states. In 39 states, two wellness insurers restraint at least one-half the grocery, according to certify presented in late congressional hearings. In nine-spot states, one underwriter controls 75 percentage of the commercialise” (Riley, 2/25).
Reuters : “Supporters depicted the nib as a way to pack pile crisply rebellion wellness policy costs, such as those from WellPoint Inc (WLP.N), which brocaded rates an ordinary of 25 percentage for about Anthem Blue Cross customers in California. WellPoint Chief Executive Angela Braly, at a listening on the exit on Wednesday, aforesaid the fellowship was implicated that it would misplace the power to part information with former companies. ‘It’s not sledding to feign healthcare costs one way or another,’ she aforementioned” (Bartz, 2/24).
This data was reprinted from kaiserhealthnews.org with sort license from the Henry J. Kaiser Family Foundation. You can horizon the stallion Kaiser Daily Health Policy Report, seek the archives and augury up for e-mail bringing at kaiserhealthnews.org .
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