This is great news from the ADA
The McCarran-Ferguson act of 1945 has long since been a shroud that has allowed insurance companies to offer outrageous reimbursements for already competitively priced services. It was definitely one of the first steps in the wrong direction that has added to the state of today’s health insurance state.
However, after a lot of work from the ADA, advocate groups and individuals. A bill has recently been introduced to the Senate Floor. This will allow (the) “Federal Trade Commission and the Justice Department to enforce the federal antitrust laws against health insurance companies engaged in anticompetitive conduct but does not interfere with the states’ ability to enforce their own regulations, antitrust statutes and consumer protection laws” claims the ADA.
Help is still needed
Members! Have an article of your own and want to be published? Get in touch with us and we’d be happy to make that happen!