There are laws that everyone must follow. And there are companies exempt from laws everyone else must follow.
And our “leaders” may mandate that we purchase insurance from an industry that picks and chooses which laws they want to follow by buying our elected leaders.
“Insurance companies have become so large they dominate entire regions of the country,” he said. “They have become so powerful they block start-up businesses from entering the market, and they put smaller companies out of business. They have become so dominant that they dictate business practices. They are so influential that they exert tremendous influence over public policy.”
America’s Health Insurance Plans (AHIP):
“Health insurance is one of the most regulated industries in America at both the federal and state level. McCarran-Ferguson has nothing to do with competition in the health insurance market.”
Translation: Because we have some laws we abide by, we can pay so we don’t have to abide by all of them.
Insurance Industry Antitrust Fight Headed To Conference Committee