To: President Donald Trump, The United States House of Representatives, and The United States Senate
Fix Healthcare Insurance: Repeal McCarran-Ferguson
We, the undersigned, ask for the immediate repeal of the McCarran-Ferguson Act of 1945.
The McCarran-Ferguson Act of 1945, exempts health insurance companies from the Federal anti-trust legislation that applies to other businesses. Until McCarran-Ferguson is repealed, and there is true competition in the health care insurance industry (whether that is between private companies or includes a public entity) there will be no real reform in our health care cost system.
Why is this important?
The McCarran-Ferguson Act of 1945, exempts health insurance companies from the Federal anti-trust legislation that applies to other businesses.
What does this mean to the rest of us?
It means that despite anything else that is said by either politicians or the health care insurance industry, about containing the ever-skyrocketing cost of health care, NOTHING WILL CHANGE.
Nothing will change, because this exemption gives the insurance companies the power to fix prices, fix bids for contracts with employers, and restrict markets.
Until McCarran-Ferguson is repealed, and there is true competition in the health care insurance industry (whether that is between private companies or includes a public entity) there will be no real reform in our health care cost system.
Please join me in demanding the repeal of the McCarran-Ferguson Act of 1945.
Thank you.