Dems eye insurance industry's antitrust protection

Discussion in 'Politics' started by actsnoblemartin, Oct 21, 2009.

  1. actsnoblemartin
    Offline

    actsnoblemartin I love Andrea & April

    Joined:
    Mar 7, 2007
    Messages:
    4,039
    Thanks Received:
    407
    Trophy Points:
    98
    Location:
    La Mesa, CA
    Ratings:
    +407
    WASHINGTON – Top Senate Democrats intend to try to strip the health insurance industry of its exemption from federal antitrust laws, according to congressional officials. It's the latest evidence of a deepening struggle over President Barack Obama's effort to overhaul the health care industry.

    If enacted, the switch would mean greater federal regulation for an industry that recently has stepped up its criticism of portions of a health care bill moving toward the Senate floor.
     
  2. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,245
    Thanks Received:
    19,821
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,328
    Why should the insurance industry have an anti-trust exemption?
     
  3. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Good.

    The antitrust exemption is part of what assists insurers and HMOs with their in-state quasi-monopolies.

    Next, medical insurance needs to be declared as a free field of interstate commerce.
     
    • Thank You! Thank You! x 3
  4. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    41,961
    Thanks Received:
    6,099
    Trophy Points:
    1,830
    Ratings:
    +19,883
    Agreed. Orginally it was protected as a states rights Constitutional issue. Just a guess, but that was probably used to help the insurance industry who donated to many campaigns of Congressional members?

    AS a side note, I wonder if this will be countered with the insurance industry refusing to give the cost consessions made earlier in the process.
     
  5. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,245
    Thanks Received:
    19,821
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,328
    We need to stop bowing to the insurance industry. They are not the sole reason our healthcare system is in such bad shape, but they are a major player.

    With all the fighting they have done against the public option, they should be forced to give up something in return for holding back on Government competition. Open competition across state lines will bring down prices and open up options.
    This, along with pooling uninsured or underinsured Americans, advertising medical fees and quality, making them insure anyone who applies, increasing competition in pharms will all help hold down costs
     
  6. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Insurance companies only work within the regulations foisted upon them.

    Get rid of the antitrust exemption and prohibition against selling across state lines and the vaunted "choice and competition" would make the cynically dubbed "public option" entirely unnecessary.
     
    • Thank You! Thank You! x 2
  7. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    41,961
    Thanks Received:
    6,099
    Trophy Points:
    1,830
    Ratings:
    +19,883
    Diverse backgrounds agreeing on an issue. Build more concensus from here. Anyone have a problem with tort reform relating to medical cases?
     
  8. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,245
    Thanks Received:
    19,821
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,328
    I don't have a problem with limited tort reform as long as a real option to sue remains. Tort restrictions on punative and class action damages is OK.

    I still see tort as only one means to hold down rising health costs
     
  9. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Problem being that none of us have any power or political hangers-on to pay off.
     
  10. Nosmo King
    Offline

    Nosmo King Gold Member

    Joined:
    Aug 31, 2009
    Messages:
    15,996
    Thanks Received:
    3,307
    Trophy Points:
    290
    Location:
    Buckle of the Rust Belt
    Ratings:
    +6,299
    Didn't the insurance industry request the anti-trust exemption arguing it would....get ready for ti.... keep costs down?!?
     

Share This Page