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Corporate & Securities Law

: Antitrust Review

House Judiciary Committee Votes To Repeal McCarran-Ferguson

By David Fischer

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The Washington Post reports:

The House Judiciary Committee voted Wednesday to strip federal antitrust protections shielding health insurers from investigations into price fixing and other business practices, the first step in a legislative bid to clamp down on the much-maligned industry. Although Democrats have led the repeal push in recent weeks, the committee’s 20-9 vote came with the support of three Republicans. The legislation would repeal portions of the 1945 McCarran-Ferguson Act that allows states to regulate health insurance providers without federal intervention.

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Full post as published by Antitrust Review on October 21, 2009 (boomark / email).

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