Thursday, November 12, 2009

Health Insurance Monopolies Are Legal

Health Insurance Monopolies Are Legal
October 29, 2009
Monica Sanchez
Campaign for America's Future

Health insurance companies are exempt from federal antitrust laws — laws that protect commerce from monopolies and unfair business practices in most other types of markets. As a result, health insurers have become highly concentrated and premiums have soared. There is movement on Capitol Hill to remove this exemption, but the best way to quickly infuse competition into health insurance markets across the country is with a strong, national public health insurance plan option.

The U.S. Senate debates insurance company protection

The Morality of Health Care Reform, pt. 6
By Terrance Heath
November 9, 2009

As the Senate Finance Committee moved into its fourth day of deliberations over the health care bill, tensions continued to rise.

Sen. Jon Kyl (R-Ariz.), broke new ground defending an amendment he'd proposed that struck language from the bill defining which benefits employers are required to cover -- in this case, basic maternity care.

"I don't need maternity care,
" Kyl said. "So requiring that on my insurance policy is something that I don't need and will make the policy more expensive."

Sen. Debbie Stabenow (D-Mich.), interrupted Kyl: "I think your mom probably did."

The amendment was defeated, nine to 14.

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