“Today, Washington finally took a stand for patients, for the free market, and for common-sense, bipartisan principles of fairness. Today, we sent a simple message: health insurance companies must compete for business like everyone else,” said Rep. Perriello. “Working and middle-class families are sick and tired of getting nickel and dimed by these companies while they rack up billions in profit and enjoy their monopoly protection. I applaud my colleagues for standing on the side of consumers over the health insurance companies.”
Replying to Health Insurance Industry Fair Competition Act
Topic Summary
LAW
Posted 26 February 2010 - 02:48 AM
The U.S. House of Representatives today voted 406-19 to pass H.R. 4626, the Health Insurance Industry Fair Competition Act, introduced by Congressman Tom Perriello and Congresswoman Betsy Markey. The two-page bill repeals the special antitrust exemption that health insurance companies have enjoyed since 1945, and will restore competition to the health insurance market to promote affordability, improved quality, and greater consumer choice.
“Today, Washington finally took a stand for patients, for the free market, and for common-sense, bipartisan principles of fairness. Today, we sent a simple message: health insurance companies must compete for business like everyone else,” said Rep. Perriello. “Working and middle-class families are sick and tired of getting nickel and dimed by these companies while they rack up billions in profit and enjoy their monopoly protection. I applaud my colleagues for standing on the side of consumers over the health insurance companies.”
“Today, Washington finally took a stand for patients, for the free market, and for common-sense, bipartisan principles of fairness. Today, we sent a simple message: health insurance companies must compete for business like everyone else,” said Rep. Perriello. “Working and middle-class families are sick and tired of getting nickel and dimed by these companies while they rack up billions in profit and enjoy their monopoly protection. I applaud my colleagues for standing on the side of consumers over the health insurance companies.”
