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Mccarran Ferguson Act Of 1945

Congress Considers Revoking Health Insurance Industry's Exemption from Antitrust Laws

Democrats say the McCarran-Ferguson Act of 1945 has granted the insurance industry a captive market with no curbs on price fixing and other anti-competitive practices. Last week the Justice Department's top antitrust regulator, Christine Varney, voiced support for a repeal. Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi are also backing a repeal, and New York Senator Charles Schumer has called for including it as part of the healthcare reform bill. The House Judiciary Committee plans to vote on the issue on Wednesday. Ref. Source 2

Mccarran Ferguson Act Of 1945

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