Securities Law Updates | New Proposed Legislation
May 27, 2010
New Amendment to Wall Street Reform Bill to Repeal Antitrust Exemption for Health Insurers Filed
Health Insurance Industry Antitrust Enforcement Act
S. ____, 5/5/2010
Senate Committee on the Judiciary Patrick Leahy (D-Vt.) has filed an amendment to the pending Wall Street reform legislation (“Restoring American Financial Stability Act of 2010,” S. 3217) to repeal the health insurance industry’s exemption from federal antitrust laws. Leahy introduced legislation in September to repeal the exemption, and sought to include the repeal in the health insurance reform legislation (“Patient Protection and Affordable Care Act,” Public Law 111-148) enacted earlier this year.
The two key provisions of the Health Insurance Industry Antitrust Enforcement Act will repeal the federal antitrust exemption for health insurance and medical malpractice insurance companies for flagrant…
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