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US HR372

Competitive Health Insurance Reform Act of 2017


summary

Introduced
01/09/2017
In Committee
02/28/2017
Crossed Over
03/23/2017
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Competitive Health Insurance Reform Act of 2017 (Sec. 2) This bill 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. This declaration does not apply to a contract, combination, or conspiracy to: (1) collect, compile, or disseminate historical loss data; (2) determine a loss development factor for historical loss data; (3) perform actuarial services if the collaboration does not involve a restraint of trade; or (4) develop or disseminate a standard insurance policy form if adherence to the form is not required. Prohibitions against unfair methods of competition apply to the business of health insurance without regard to whether the business is for profit.

AI Summary

This bill amends the McCarran-Ferguson Act to declare that the antitrust laws apply to the business of health insurance, including dental insurance. However, the bill provides exceptions for certain activities, such as collecting and analyzing historical loss data, performing actuarial services without restraining trade, and developing standard insurance policy forms. The bill also specifies that the Federal Trade Commission's authority to prohibit unfair methods of competition applies to the health insurance business, regardless of whether it is for-profit.

Committee Categories

Justice

Sponsors (21)

Last Action

Received in the Senate and Read twice and referred to the Committee on the Judiciary. (on 03/23/2017)

bill text


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