Senator Patrick Leahy has introduced legislation that would eliminate this outdated exemption and force health insurers to compete fairly. If you agree with him, now is the time to encourage your senators to support Senator Leahy.
Friday, September 25, 2009
Health Insurance Monopolies
It is not surprising that the health insurance companies do not want to complete with a "Public Option"; they do not compete with each other. They have no history of competition. They are exempt from antitrust regulations that apply to almost every other industry. While their CEOs and supporters carry on at great length about the virtues of capitalism, the companies enjoy an exemption from capitalist competition. Is it any surprise that health insurance is too expensive for forty per cent of us? Or that health insurance companies have generated, in recent years, profit increases of 400%.
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