summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
113th Congress
Bill Summary
Competitive Health Insurance Act - Amends the McCarran-Ferguson Act to provide that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.
AI Summary
This bill, titled the Competitive Health Insurance Act, aims to ensure that federal antitrust laws, which are designed to prevent monopolies and promote fair competition, fully apply to the health insurance industry. Specifically, it amends the McCarran-Ferguson Act, a law that previously exempted some insurance activities from federal antitrust oversight, by adding a provision stating that nothing in that Act can weaken or override the application of antitrust laws to health insurance. The bill clarifies that "antitrust laws" include provisions from the Clayton Act and Section 5 of the Federal Trade Commission Act, which prohibits unfair methods of competition, even if the health insurance business is not operated for profit. This change is intended to protect consumers by fostering a more competitive health insurance market.
Committee Categories
Justice
Sponsors (2)
Last Action
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. (on 02/28/2013)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113hr344ih/pdf/BILLS-113hr344ih.pdf |
| Bill | https://www.congress.gov/bill/113th-congress/house-bill/344/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113hr344ih/pdf/BILLS-113hr344ih.pdf.pdf |
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