Monday, November 16, 2009
Industry Coalesces to Fight Antitrust Repeal
The American Insurance Association, the National Association of Mutual Insurance Companies, and the Property Casualty Insurers Association of America, wrote a letter to legislators objecting to “onerous provisions included in the bill that without due consideration go far beyond the issue of expanding health insurance coverage.”
Too bad idiots - your price fixing and gouging days are over....
“The primary purpose of federal antitrust law is to encourage pro-competitive behavior and to promote the growth of private competitive markets,” the letter states.
No its not that's why there is only ONE Baseball League. The purpose of Anti Trust Law Exemptions are to preserve a monopoly among the "recognized" entities and since they don't authorize or recognize anyone outside of their group - anti-trust exemptions are a barrier to entry for "real and independent" entrepreneurs.
The fact that they are gathering "coalescing" together tells me that this "Exemption" is desperately coveted by them in order to maintain their monopoly and continue to enjoy the privilege of arbitrarily driving up consumer rates.
The reason that "Major League Insurance" screwed up - screwed the pooch - is because they got so greedy they disrupted and threw into turmoil the overall economy and the future of the overall economy. They are also terrified of the oversight the FTC will get into investigating their business practices and arbitrary pricing.
Support the Affordable Health Care for America Act (H.R. 3692) and Section 262 - the repeal of the McCarran-Ferguson Act from 1945!
Its about damn time.