Washington — Legislation was introduced in the U.S. Senate Feb. 6 to repeal the McCarran-Ferguson antitrust exemption for health insurance companies.
S 350, the Competitive Health Insurance Reform Act, was introduced in the 116th Congress by Sens. Steve Daines, R-Mont., and Patrick Leahy, D-Vt. The bipartisan bill calls for authorizing the Federal Trade Commission and the Justice Department to enforce the federal antitrust laws against health insurance companies engaged in anticompetitive conduct. It would not interfere with the states’ ability to enforce their own regulations, antitrust statutes and consumer protection laws.
The ADA, which has advocated for repeal of the 1945 McCarran-Ferguson Act antitrust exemption for the health insurance industry for more than 20 years, praised the legislators for introducing the legislation.