summary
Introduced
01/06/2015
01/06/2015
In Committee
02/02/2015
02/02/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
Health Insurance Industry Antitrust Enforcement Act of 2015 Prohibits the McCarran-Ferguson Act from being construed to permit health insurance or medical malpractice insurance issuers to engage in price fixing, bid rigging, or market allocations in connection with providing health insurance or medical malpractice coverage. Amends the McCarran-Ferguson Act to provide that nothing in it modifies, impairs, or supersedes the operation of antitrust laws with respect to the business of health insurance. Applies prohibitions of unfair methods of competition to the business of health insurance without regard to whether the business is for profit.
AI Summary
This bill, titled the Health Insurance Industry Antitrust Enforcement Act of 2015, aims to ensure that health insurance companies are subject to the same antitrust laws as other industries. It specifically clarifies that the McCarran-Ferguson Act, a law that previously provided some exemptions for the insurance industry from federal antitrust laws, cannot be interpreted to allow health insurance or medical malpractice insurance providers to engage in illegal anticompetitive practices like price fixing (agreeing on prices), bid rigging (manipulating bids), or market allocations (dividing up customers or territories). The bill amends the McCarran-Ferguson Act to explicitly state that it does not weaken or override antitrust laws concerning the business of health insurance, and it extends these prohibitions on unfair competition to the health insurance business regardless of whether it operates for profit.
Committee Categories
Justice
Sponsors (1)
Last Action
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. (on 02/02/2015)
Official Document
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bill summary
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