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Revoking the health insurance industry's anti-trust exemption.

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  • Revoking the health insurance industry's anti-trust exemption.

    House Speaker Nancy Pelosi (D-Calif.) increased Democratic pressure on the health insurance industry Thursday, telling reporters that there is "tremendous interest" in the House in revoking the industry's anti-trust exemption.

    The insurance industry recently declared war on the Democratic health care reform proposal, releasing two reports claiming that the proposal would raise the cost of premiums. Democrats hit back hard and independent analysts said that the reports cherry-picked data and ignored relevant portions of the proposal.

    Democrats are also fighting back legislatively. "There is tremendous interest in our caucus, and, in fact, the Judiciary Committee has had a hearing on ending the exemption to McCarran-Ferguson, the antitrust bill," Pelosi said, unprompted, at her weekly press conference.

    The insurance industry gained the exemption in 1945; in most parts of the country, a single insurer has monopolistic dominance and the ability to set prices.


    Read more at: http://www.huffingtonpost.com/2009/1..._n_322754.html

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