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Doctors Applaud House Vote to Remove Anti-Trust Exemption for Health Insurers
Date:2/25/2010

Outlawing Health Insurance Monopolies Would Be Good for Doctors, Patients

OAKLAND, Calif., Feb. 25 /PRNewswire-USNewswire/ -- "This vote is an important step towards breaking the monopoly power of some health insurers," responded Dr. Stuart Bussey, President of the Union of American Physicians and Dentists (UAPD), to the news of a vote taken Wednesday by the US House of Representatives.   The House passed the Health Insurance Industry Fair Competition Act (HR 4626), which rolls back the anti-trust exemptions that the insurance industry has enjoyed since the passage of the McCarran Ferguson Act in 1945.  Representatives voted 406-19 in favor of the bill, which received strong support from the White House earlier in the week.  The bill now moves to the Senate for consideration.

Many believe that their exemption from federal anti-trust law has allowed some players in the insurance industry to gain too much power. "Right now, the health insurance industry is highly concentrated, and the lack of competition hurts doctors as well as patients," according to Dr. Bussey o
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SOURCE Union of American Physicians and Dentists
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