Bipartisan Vote to Strip HealthCare Cos. of Antitrust Exempt

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Bipartisan Vote to Strip HealthCare Cos. of Antitrust Exempt

Postby Bruce Gourley » Wed Feb 24, 2010 11:58 pm

Maybe the tide is turning: Republicans and Democrats today voted to strip health care companies of antitrust exemptions. This move comes against the backdrop of Anthem Blue Cross raising rates by up to 39% in California while cutting reimbursements to medical professionals and paying 39 executives more than $1 million in 2008 and spending more than $27 million on 103 executive retreats in 2007 and 2008.
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Re: Bipartisan Vote to Strip HealthCare Cos. of Antitrust Exempt

Postby KeithE » Thu Feb 25, 2010 8:07 am

But these companies are the wellspring of all that is good about America. They are the ones creating jobs. And they have a Constitutional right to charge as they will as they provide quality service to their customers. This will only deny them the right to participate in the global economy. Finally, this is just another example of the needless intrusion of big government into our everyday life - retreats are good things.
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Re: Bipartisan Vote to Strip HealthCare Cos. of Antitrust Exempt

Postby ET » Thu Feb 25, 2010 11:43 am

:lol: Much ado about nothing:
The nonpartisan Congressional Budget Office, however, said last year that because states already investigate health insurance companies, repealing the exemption would not significantly reduce premiums.


How many Dems will get on their soapbox and talk about how they "fought the insurance companies" with this vote....which was essentially meaningless.

But, then again, politicians, and Dems in particular, are particularly adept at meaninglessness.
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