It will if Senator Charles Schumer (D-NY) has his way. And, his argument makes perfect sense.
Senator Schumer would like to include all or a portion of the bill introduced by Senator Patrick Leahy (D-VT), S.1681 into the final Health Care Reform bill. To learn more about S 1681 - Health Insurance Industry Antitrust Enforcement Act of 2009 visit:
Wednesday, October 14, 2009
Will A Repeal of the Insurance Industry Anti-Trust Exemption Be Added to the Health Bill?
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Thanks for writing about this issue in your blog as well as including the Open Congress link.
ReplyDeleteJust as a point of interest. This bill is not a retaliatory action over the Price Waterhouse Cooper report. This is an amended version of a bill that Sen. Patrick Leahy, D-Vt attempt to get passed last year. It failed because some that that Leahy's legislation would strip states of some of their rights.
The the test appears as if it would not affect states' ability to regulate the business of insurance...but...does strip the strip insurance industry of theire exemption for violations, such as price fixing, bid rigging and market allocation.
I certainly hope that this bill gets passed. It is long over due.