Rep. Gosar Introduces Bill Paving Way for Obamacare Repeal, To Restore Competition in Healthcare Market
Today,
"The healthcare insurance industry continues to be one of the least competitive and least transparent industries in the entire nation. That's because for over 70 years health insurers have enjoyed a special legal exemption from anti-trust laws resulting in less competition and higher healthcare costs for every single American family. By restoring federal anti-trust laws to the business of health insurance, my legislation represents a critical first step to establishing the proper foundation for a competitive and consumer-driven health insurance marketplace. Hospitals, doctors and most importantly, patients benefit when health insurers compete to provide quality coverage. Ending this special-interest exemption is an integral piece of any Obamacare repeal effort and is the only reform that will actually rein in insurance company practices, increase competition and lower prices for consumers."
Co-chairman of the House GOP Doctors Caucus Congressman
Background:
The full text of the Competitive Health Insurance Reform Act of 2017 can be found HERE (http://paulgosar.house.gov/Components/Redirect/r.aspx?ID=5481-259).
Original Cosponsors (14):
The Congressman's legislation is endorsed by:
The Competitive Health Insurance Reform Act of 2017 amends a section of the McCarran-Ferguson Act of 1945, which exempted the insurance industry from the Sherman Act and the Clayton Act - acts that have the purpose of ensuring fair competition. This broad exemption was intended to assist newly established insurance companies set sustainable premiums by permitting data sharing between insurance companies. These antiquated exemptions are no longer necessary. There is no reason in law, policy, or logic for the insurance industry to have special exemptions that are different from all other businesses in
Repeal of the specific sections of the McCarran-Ferguson Act which apply to health insurance has bipartisan support. A form of this legislation passed the Democratic-controlled House during the 111th
This anti-trust reform provision is included in the Republican Study Committee's healthcare reform bill and discussed in the Speaker's "A
30FurigayJof-5742138 30FurigayJof
Rep. Griffith Announces Committee Assignments for 115th Congress
New York Broker Pleads Guilty In $1M Investment Scam
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News