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Tag: anti-trust act

Center Well

Democrats target major health insurers as monopolies

Mike Lillis -

Health insurance companies for decades have been exempt from federal anti-trust laws and are exploiting that privilege to generate enormous profits at the expense of patients, Senate Democrats charged Wednesday. The laws allow companies to feign competition while really colluding to set prices. The Seanate debate is fueling calls to make a public health insurance option part of any reform bill. Lawmakers — including Senate Majority Leader Harry Reid (D-Nev.) — want to repeal the anti-trust exemption as part of broader efforts this year to overhaul the nation’s dysfunctional health care system.

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