NAHU put together a paper on what this impact of Repealing the current Anti-Trust exemption for Health Insurers would have on the marketplace. Click here to view the document. Health Insurers are currently subject to regulation by the states which outlaws the bid-rigging and anti-competitive behavior which the repeal is supposed to address. Health Insurers use the Anti-Trust exemption to share actuarilial data, policy forms, information on insurance agents, etc.
NAHU Comments on Impact of Repeal of McCarran-Ferguson Act for Health Insurance Companies
October 24, 2009 by Craig
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Craig Ritter
I certainly agree with this comment: “We view this effort as a political trick designed to distract from the true problem–the rising cost of medical care. The current bills on the table do little to reduce actual medical care costs, which are the true drivers of the health insurance premiums. ”
It is as if Obama and his allies were to see too many house fires, and state as a remedy, “Boy, we sure gotta reform homeowners’ insurance.”