Tuesday, December 29, 2009

All 50 States Need to SUE the Insurance Companies

McCarran-Ferguson was originally designed to empower both the federal government and the individual states so that they could act to prevent insurance companies from becoming abusive monopolies.

How ironic that it has instead enabled the health insurance industry to achieve exactly the opposite result because the federal government has chosen not to pass legislation targeting insurance monopolies and the states have, for the most part, shirked their regulatory responsibilities.

States haven't gone after obvious Health Care Monopolies because their budgets are stretched too thin.

All 50 States need to bring legal action collectively and the Federal Government needs to join the suit.

Allegations of price-fixing, bid-rigging, exclusive sales contracts, local price cutting to freeze out competitors, and the dividing up of markets need to be full explored so we can get rid of our dysfunctional corporate health care system that's choking the economy to death.

On a macroeconomic scale it would return money to "our" pocketbooks and be more profitable for America. Less money out of our paychecks going to Joe Lieberman and Ben Nelsons friends at Well Point would be a boom for the economy. It would enable an increase in savings and investing as well as spending.

Our money is being horded by the few to the detriment of the overall market place. That money needs to be returned to the tax payers in mass and available to stimulate the economy across a broad sector of markets as a whole versus the gain of a few Senators from Aetna named Lieberman and Nelson and the hysterically wealthy and tone deaf CEO's they greedily represent.

As conservatives like to say - enforce the laws on the books! It's time to sue the Insurance companies regardless of the Healthcare Bill that Passes.

Paul Burke
Author-Journey Home
With thanks to Jerry Policoff

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