Wednesday, October 21, 2009

Democracy Now: Congress Considers Revoking Health Insurance Industry’s Exemption from Antitrust Laws

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From Democracy Now:

Democrats say the McCarran-Ferguson Act of 1945 has granted the insurance industry a captive market with no curbs on price fixing and other anti-competitive practices. Last week the Justice Department’s top antitrust regulator, Christine Varney, voiced support for a repeal. Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi are also backing a repeal, and New York Senator Charles Schumer has calledSource: Crooks and Liars RSS Feed

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