Newspaper logo  
 
 
Local Stories, Events

Ref. : Civic Events

Ref. : Arts & Education Events

Ref. : Public Service Notices

Books, Films, Arts & Education
Letters

Ref. : Letters to the editor

Health Care & Environment

02.22 Report: Climate Denier to Lead White House Climate Panel [“Stupid is as stupid does.” –Forrest Gump]

02.22 The Uninhabitable Earth [Lots more important than all other problems put together]

02.22 Europe faces 'biodiversity oblivion' after collapse in French birds, experts warn

02.22 World's food supply under 'severe threat' from loss of biodiversity

02.22 Venezuela crisis threatens disease epidemic across continent - experts

02.21 'Moment of reckoning': US cities burn recyclables after China bans imports

02.20 Young climate strikers can win their fight. We must all help

02.20 Voyage to the Garbage Patch: the female sailors taking on plastic

02.19 Bees brought Bavarians together. And they have a lesson for us all

02.19 Florida is drowning. Condos are still being built. Can't humans see the writing on the wall? [Fear that Trump & Fox News incite makes us avoid unpleasant information we need to know]

02.18 Tesla big battery is holding its own in a burgeoning energy storage market

02.18 Trump administration condemned over delaying action on toxic drinking water

02.16 New experimental drug rapidly repairs age-related memory loss and improves mood

02.16 Toxic black snow covers Siberian coalmining region [0:49 video; If its killing us, stop doing it]

02.16 Renewable energy will be world's main power source by 2040, says BP [But in America's capitalistic bubble, bribed-to-be-biased media and government defy reality]

02.16 My generation trashed the planet. So I salute the children striking back

02.16 US coastal businesses hit by everyday impact of climate change, study shows

02.16 What the pesticides in our urine tell us about organic food [What does inaction tell us about capitalism and our government?]

02.14 Exposure to Glyphosate-Based Herbicides and Risk for Non-Hodgkin Lymphoma: A Meta-Analysis and Supporting Evidence [If its killing us, make it illegal]

02.14 To avoid environmental catastrophe, everything must change [Consider why this headline is laughable or confusing to many, if not most, Americans...]02.13 Study Shows Toxic Pesticide Levels in Families Dropped by 60% After One-Week Organic Diet [2:10 video; Produce and canned vegetables laced with toxic chemicals—from fertilizers and herbicides, too—must be quickly phased out to use safe organic alternatives]

02.12 Biggest offshore windfarm to start UK supply this week

02.12 Scientists Are Totally Rethinking Animal Cognition

02.12 Politicians are complicit in the killing of our insects – we will be next

News Media Matters

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

02.22 So How's Your Tax Refund? Thanks to GOP Tax Scam, Big Banks Made Extra $28 Billion Last Year

02.21 Why Bernie Sanders Matters More Than People Think

02.21 Bezos Says Amazon Drones Ready to Deliver Mueller Report to Every American Household

02.21 Devin Nunes Was Trump’s Mole Inside the Gang of Eight

02.21 Alec Baldwin fears for family's safety after Trump 'retribution' threats [0:40 video]

02.20 Intimidation, Pressure and Humiliation: Inside Trump’s Two-Year War on the Investigations Encircling Him

02.20 ‘Sustained and ongoing’ disinformation assault targets Dem presidential candidates [If you can sense them, block them!]

02.20 The 2020 U.S. Presidential Race: A Cheat Sheet

02.20 Why Bernie Sanders' radicalism can take out Trump

02.20 Why vote for Sanders when you can have Elizabeth Warren instead?

Justice Matters

02.19 California Leads 16 States Suing to Block Trump Border Plan

02.19 Fighting pollution: Toledo residents want personhood status for Lake Erie [Hurrah!]

High Crimes?

02.20 Despite the slaughter in Yemen, Britain is still chasing arms sales [and the Great-Again-America is too...Capitalism without morality is horrible]

02.16 Elliott Abrams Defends War Crimes As Happening Back In The ’80s When Everyone Was Doing It

Economics & Corrupting-Capitalism

02.21 Historian who confronted Davos billionaires leaks Tucker Carlson rant

02.20 A Centuries-Old Idea Could Revolutionize Climate Policy

International & Futurism
Sanders Has an Advantage, and It’s Not [Just] About Economics

02.22 When multilateralism crumbles, so does our rules-based order [this enables easier corruption by banks and oligarchs and may result in complete societal breakdown, chaos and war]

02.22 Trump has turned foreign aid into shabby political theatre [Psychopaths are a sub-human species without empathy or morals.]

02.21 John Oliver Compares Brexit ‘Disaster’ to Will Smith’s Genie in Live-Action ‘Aladdin’ (Video) [21:26 video; we’re approaching an Idiocracy-type of society, where stupidity is “normal”]

02.20 House report lays bare White House feud over Saudi nuclear push [Its hard to keep up with all the criminal crap going on...]

02.20 My grandfather was a Nazi. I’ve seen why we need the EU

02.19 Centrism isn’t the solution to the mess we’re in

02.19 Renewables need urgent investment to ease Australia's transmission bottlenecks, experts warn

We are a non-profit Internet-only newspaper publication founded in 1973. Your donation is essential to our survival.

You can also mail a check to:
Baltimore News Network, Inc.
P.O. Box 42581
Baltimore, MD 21284-2581
Google
This site Web
  Time to Pass the Health Insurance Industry Antitrust Enforcement Act of 2009

COMMENTARY:

Time to Pass the Health Insurance Industry Antitrust Enforcement Act of 2009

Can Capitalism defeat the Mafia, or are they the same?

by Ralph E. Stone

Repeal of the McCarran-Ferguson Act of 1945 antitrust exemption for the health insurance industry is a first step toward bringing at least some competition in that industry.

What happened to the "Health Insurance Industry Antitrust Enforcement Act of 2009"? Congress must repeal the McCarran-Ferguson Act antitrust exemption for the health insurance industry as a first step toward bringing at least some competition in that industry, which in turn will help bring down the cost of health insurance.

The McCarran-Ferguson Act of 1945 gives states the exclusive authority to regulate the "business of insurance" without interference from federal regulation, unless federal law specifically provides otherwise. The Act provides that the Sherman Anti-Trust Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914, apply to the business of insurance only to the extent that such business is not regulated by state law. Thus, the Act exempts health insurance companies from federal antitrust regulations that apply to nearly every other industry, rules that protect consumers from anti-competitive business practices. Repeal of the Act would ensure that health insurance issuers and medical malpractice insurance issuers cannot engage in price fixing, bid rigging, monopoly practices, or market allocations to the detriment of competition and consumers.

Recently, the media has been reporting regularly about the Anthem Blue Cross -- a subsidiary of Wellpoint, Inc. -- plan to raise health insurance rates up to 39 percent in California. The main justification for the large rate increases, as much as 10 times greater than national health spending growth, is higher health care costs. But as U.S. Health and Human Services Secretary Kathleen Sibelius remarked, "It remains difficult to understand how a company [Anthem] that made $2.9 billion in the last quarter of 2009 alone can justify massive increases. . . ." And WellPoint, Inc. reported net income of $4.7 billion in 2009. And a recent report found that the combined profit for the five largest health care providers -- WellPoint, Inc., United-Health Group, Aetna, Humana, and Cigna -- increased 56 percent in 2009 over 2008. Increased rates mean less coverage for a higher cost or possibly no coverage for those without means.

These facts should raise antitrust concerns. While the lack of competition in the health insurance industry may well have other causes, which may or may not be cured through a repeal of the McCarran-Ferguson Act, the insurance exemption from the federal antitrust laws has not helped. Repealing the Act coupled with increased antitrust enforcement is a relatively simple first step if the ultimate goals are to rein in health care costs and provide health care to the largest number of consumers.

It is time to pass the "Health Insurance Industry Antitrust Enforcement Act of 2009."


Ralph E. Stone is a retired Federal Trade Commission attorney.



Copyright © 2010 The Baltimore News Network. All rights reserved.

Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.

Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.

This story was published on February 21, 2010.
 

Public Service Ads: