Once again. It's LEGAL for insurance companies to price FIX!

They are PROTECTED FROM THE ANTI-TRUST ACT! NOTHING will make them compete except a government run program. UNLESS they repeal this law in the healthcare bill which nobody is discussing.

Senate Judiciary Committee Focuses On Insurance Industry's Antitrust Exemption

WASHINGTON (Wednesday, March 7) – The Senate Judiciary Committee held a hearing, “The McCarran-Ferguson Act and Antitrust Immunity: Good for Consumers?” on Tuesday focusing on the insurance industry’s federal antitrust immunity. For more than six decades, insurance companies have enjoyed immunity from federal antitrust investigation and prosecution.

“The potential for insurance industry abuse became clear on the Gulf Coast in the wake of Hurricane Katrina,” said Senator Patrick Leahy, (D-Vt.), Chairman of the Committee. “Residents, who lost so much as a result of the 2005 Hurricanes, and were then let down by a woefully unprepared government, were left to face insurance companies refusing to fulfill their commitments and help rebuild. No one should have to go through what these Americans have been through.”

Leahy has teamed up with Senate Democratic and Republican leaders to introduce S. 618, The Insurance Industry Competition Act, which would level the playing field so that insurance companies must abide by the same competition laws as nearly every other industry. The bipartisan bill would give the Department of Justice and the Federal Trade Commission the authority to apply antitrust laws to anti-competitive behavior by insurance companies.

http://leahy.senate.gov/press/200703/030707.html

We went through this after katrina. I can't believe no one remembers.

STOP THE BULLSHIT!

The one point that Sestak got that was actually right was that Insurance companies like credit card companies tend to domicile themselves in states with lax regulations and tax structures.

Why do you think there are so many insurance companies in CT and Nebraska.

small price to pay to shout down real information about these monsters. Can you imagine the impact information like this would have had if their had been a real dialog about health care this summer. The corporate owned right wing is terrified of information getting out to the people.

enforced and exemptions expunged.
I do not care who it is whether its the rpuke party, insurance, banks, whatever company or group is using thug or racketeering tactics.

24 hours a day.

meeting today.

it's a very simple concept. Many people tried to file claims with their homeowners insurance that was not a valid claim.

two companies own 80% of market and both have decided to raise prices

it is going on all over the place if you watch.

when ignoring laws and never challenging or prosecuting, then this is what you get

But it's a racket with very deep pockets... and strong ties with its whores in DC.

Because competition means less profit and thus less bonus pay for the filthy rich fuckers who run the companies. It will never happen.

Their only goal is to stop the PO before it happens. There is no other goal.

reich wing nutz to document their lies? :sarcasm: