REPEALING ANTITRUST EXEMPTIONS FOR HEALTH INSURERS

Dear Friend:

Last week, I joined my colleagues in a bipartisan effort in the House of Representatives to support legislation that will create greater competition in the health insurance market, and end the unfair antitrust advantage that health insurers have relied on to exorbitantly raise premium rates.  H.R. 4626, the Health Insurance Industry Fair Competition Act, was approved by the House with a 406 to 19 vote.

The passage of this legislation is an important victory for hard working American families.  For too long the health insurance industry has been allowed to play by a different set of rules.  By repealing the blanket antitrust exemption given to insurance companies, this bill restores competition and transparency to the health market. Continue reading →