For decades, health insurers have been exempt from antitrust laws and allowed to act as a monopoly setting rates and maximizing profits—until now.
Enactment of new legislation removes the McCarran-Ferguson Act which has protected insurers since 1945 and now requires them to follow the same free-market rules as the rest of the healthcare industry.
In this episode, we talk with an antitrust expert about why it took so long to repeal this unfair policy and how the new law will introduce more choice and opportunity into the marketplace.
Guest:
George Slover, Senior Policy Counsel for Consumer Reports
More From The Bone Beat
Listen to more episodes and be sure to subscribe to receive updates when new episodes are released on the last Tuesday of each month. If you enjoy the content and find the conversations valuable, please rate the show or leave a review.