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US HR494

US HR494
Competitive Health Insurance Reform Act of 2015


summary

Introduced
01/22/2015
In Committee
02/19/2015
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

Competitive Health Insurance Reform Act of 2015 Amends the McCarran-Ferguson Act to declare that nothing in that Act modifies, impairs, or supersedes the operation of antitrust laws with respect to the business of health insurance, including the business of dental insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether the business is for profit.

AI Summary

This bill, the Competitive Health Insurance Reform Act of 2015, aims to ensure that federal antitrust laws, which prevent unfair business practices like price-fixing and market allocation, apply to the health insurance industry, including dental insurance, just as they do to most other businesses. Historically, the McCarran-Ferguson Act of 1945 provided a special exemption for the insurance industry from these federal antitrust laws, a situation this bill seeks to correct by amending that Act. The bill clarifies that this change does not affect other types of insurance like life or property and casualty insurance, and it emphasizes that these antitrust protections will apply regardless of whether a health insurance company operates for profit, reinforcing the goal of protecting competition and consumers.

Committee Categories

Justice

Sponsors (37)

Last Action

Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. (on 02/19/2015)

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