Health Insurance Industry Antitrust Enforcement Act Introduced in Senate
November 4, 2009 by Beckers ASC Review
Filed under Becker's ASC Review, Features
Senate Judiciary Chairman Patrick Leahy (D-Vt.) introduced S. 1681, the Health Insurance Industry Antitrust Enforcement Act, which would “ensure health insurance issuers and medical malpractice insurance issuers cannot engage in price fixing, bid rigging or market allocations to the detriment of competition and consumers,” according to the bill.
The bill looks to repeal the McCarran-Ferguson Act and would not permit health insurance or medical malpractice issuers from engaging in price fixing, bid rigging or market allocations when providing coverage.
In a statement, Sen. Leahy said, “There is simply no justification for health insurance and medical malpractice insurance companies to be exempt from Federal laws prohibiting price fixing. Subjecting health and medical malpractice insurance providers to the antitrust laws will enable customers to feel confident that the price they are being quoted is the product of a fair marketplace.”
Read the Health Insurance Industry Antitrust Enforcement Act (pdf).
Read Sen. Leahy’s statement on the Health Insurance Industry Antitrust Enforcement Act.
If you enjoyed this post, make sure you subscribe to my RSS feed!
 |
A post by "Becker's ASC Editor" http://www.beckersasc.com Becker's ASC Review is a bimonthly publication that offers general business, legal and clinical guidance on topics including joint-ventures, development and expansion, and regulatory and compliance issues. |
