health insurance monopoly exemption
health insurance monopoly exemption
Get Instant Health Insurance Quotes!
Insurance companies will lose their antitrust exemption?
Over the past 65 years the insurance industry Health was one of the few who is exempt from antitrust laws. This means that the government has little recourse to prevent the creation of monopolies and price fixing between the companies to increase health Insurance Rates health insurance for all. The House of Representatives is trying to change that with a new bill.
Why do insurance companies have been able to avoid antitrust regulation for so long? There are extenuating circumstances that can be used to avoid the attention of the Department of Justice in the Major League Baseball, which is the only professional baseball league allows them to reduce control practices potentially anti-competitive business. However, there are Many health insurance companies: publicly traded, commercial enterprises, such as United Health Care, nonprofit Blue Cross and Blue Shield, are on the market.
By industry, exemption from competition law under federal jurisdiction is deserved because the states are responsible regulation of insurance. Many Democrats in the House fear that agencies under-funded state regulators are inadequate, and several consumer groups share that concern. The Senate has not been so adamant in this type of reform, but Majority Leader Harry Reid has promised to review it. They think it will give consumers more choices about their health insurance.
Experts speculate on what the bill recently introduced methods for security reform of the global health-led Obama and the Democratic Party. Bill broader adopted by the House include the repeal for the exemption competition, while the Senate version does not. A spokesman for the House, Nancy Pelosi insisted that the draft law does not mean that reform be cut into pieces to approve. However, top Democrats in Congress are uncertain about how to proceed with the legislation after the loss of their filibuster-proof Senate majority.
Rules Committee Chair Louise Slaughter, who wrote provision of antitrust law in the House does not believe that the nation can afford to wait until Pelosi and Reid to develop a new strategy. She believes that low cost health insurance more accessible if it has forced health insurance companies to participate in more competition. It is possible that the bill could separately receive a moderate Republican votes, while the emergence of the federal government to encroach on states' rights is certainly a problem, the idea of eliminating what appears to be an unfair advantage (as opposed to all health system) has more appeal to his constituents.
(Image: Johnson Bottini, LLP)
About the Author
Yamileth Medina is an up and coming expert on Health Insurance and Healthcare Reform. She aims to help people realize that they can find quality medical insurance right now. Yamileth lives in Miami, FL.
Libs, why insurance companies ObamaCare exempt from antitrust laws?
The House voted to eliminate exemptions for insurance companies, however, Obama Senate bill that became law, it still contains an exemption that allows companies insurance to maintain their current regional monopolies, while the pricing. The only other American industry enjoys an exemption is Major League Baseball. It is from early until now that this is less about your health, and information on a new source of revenue for the government? Reality needs a dose of reality. The bill House of Representatives passed with overwhelming support from the two partasian.
Because it is a sloppily written bill. I only have Medicare for all and do with it. Health care is a human right that all American residents deserve. I am an atheist socialist pinko communist evil.
