summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Health Insurance Industry Antitrust Enforcement Act of 2012 - Prohibits the McCarran-Ferguson Act from being construed to permit issuers of health or medical malpractice insurance to engage in any form of price fixing, bid rigging, or market allocations in connection with the conduct of the business of providing health insurance coverage or coverage of medical malpractice claims or actions. Amends such Act to provide that nothing in it 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, the Health Insurance Industry Antitrust Enforcement Act of 2012, clarifies that certain anti-competitive practices are prohibited within the health insurance industry. Specifically, it amends the McCarran-Ferguson Act, a law that previously granted some exemptions to the insurance industry from federal antitrust laws, to ensure that health insurance issuers and medical malpractice insurance issuers cannot engage in price fixing (agreeing on prices), bid rigging (manipulating bids), or market allocations (dividing up customers or territories). The bill also explicitly states that the McCarran-Ferguson Act does not override or weaken existing antitrust laws, such as the Clayton Act and the Federal Trade Commission Act, when it comes to the business of health insurance, even if the business is not conducted for profit.
Committee Categories
Business and Industry, Justice
Sponsors (1)
Last Action
Referred to the Subcommittee on Intellectual Property, Competition and the Internet. (on 06/05/2012)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/5838/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr5838ih/pdf/BILLS-112hr5838ih.pdf.pdf |
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