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Repeal of exemption in US law shielding health insurers from antitrust scrutiny 'long overdue,' House lawmakers says

( December 23, 2020, 00:09 GMT | Official Statement) -- MLex Summary: The Competitive Health Insurance Reform Act repeals an antiquated exemption that has shielded health-insurance providers in the US from operating beyond the reach of federal antitrust laws and allowed them to collude to set health care costs, increase profits, and price gouge consumers, Representatives Peter DeFazio, Paul Gosar and House Judiciary Committee Chairman Jerrold Nadler said. This was "long overdue" and will give the US Department of Justice and the US Federal Trade Commission the authority to apply federal antitrust laws to anticompetitive behavior by health insurance companies.Reps. DeFazio, Gosar, Nadler’s Bipartisan Legislation to Curb Health Insurance Price Gouging and Promote Fair Competition Passes House and Senate...

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