Daines, Leahy Introduce Bipartisan Bill to Prevent Big Health Insurance Companies from Price Fixing, Collusion
U.S. SENATE – U.S. Senators Steve Daines (Mont.) and Patrick Leahy (Vt) today introduced legislation to ensure that health insurance companies are held accountable for pricing drugs. The bill, the Competitive Health Insurance Reform Act amends McCarran-Ferguson, which exempted insurance companies from federal antitrust laws. “For far too long, health insurance companies have gotten away with taking advantage of consumers and charging them outrageous prices for their health care,” Daines said. “It’s time we look into these companies practices by demanding transparency in order to hold them accountable.” “There’s simply no justification for exempting health insurance companies from laws prohibiting price fixing. Applying our federal