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P&C Trades Unite Against Ending Health Antitrust Immunity

 

Monday, Nov 09,2009, 9:34:32 AM   Click:

A group of nine groups of goods and casualty insurance trade industry today charged that the proposed legislation in Congress that would end the exemption under the antitrust laws for insurers Care health, had a hidden agenda of the opening of certain segments of the insurance industry to more lawsuits.

Legislation has been introduced in response to what some members of Congress felt this was unfair attacks by people they associated with the insurance industry as sponsors of the reform of health care.

They accused the bills are "an attempt to radically rewrite the antitrust laws for a certain segment of the insurance business" and argued that those supporters have "a much broader, but the timing unknown."

A joint letter was sent to the Directorate of the Judicial Committee of the House expressed its "resolute opposition" to the "Health Insurance Industry Antitrust Enforcement Act of 2009." Bills have been introduced as HR 3596 in the House and Se. 1681 in the Senate.

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