Home > Uncategorized > Take That You Gangsta Mother Effers

Take That You Gangsta Mother Effers

That would be the private insurance gangsters that have us by the short and curlys.

The Gavel notes:

House Passes Bill to Repeal Antitrust Exemption For Health Insurance Companies

By a vote of 406-19, the House passed the Health Insurance Industry Fair Competition Act (HR 4626), introduced by Reps. Tom Perriello (D-VA) and Betsy Markey (D-CO). This bill is designed to restore competition and transparency to the health insurance market – by repealing the blanket antitrust exemption afforded to health insurance companies by the McCarran-Ferguson Act of 1945. Under this legislation, health insurers will no longer be shielded from legal accountability for price fixing, dividing up territories among themselves, sabotaging their competitors in order to gain monopoly power, and other such anti-competitive practices.

And as hearings began yesterday, insurance companies are in the hot seat for jacking their premiums by double digits while raking in obscene profits over the last quarter.  And these are the people the Tea Baggers are fighting for. 

Anyway…I am glad to see this legislation pass and note that most Republicans voted for it as well.  Now is not a good time to appear to be in the private insurers pockets.

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