Tuesday, February 23, 2010

White House Urges Repeal of Insurers' Antitrust Exemption

I have three reactions to this news:

1. On balance, antitrust policy does more harm than good and should therefore be repealed.  Then the insurance exemption would be moot.

2. If we have an antitrust policy, I see no good argument for exempting the insurance industry.

3. I cannot figure out what health insurers are currently doing that violates the antitrust laws. So repeal of the exemption would make no difference.

Am I misssing something here?


Anonymous said...

if anything, the policies that prohibit the purchase and sale of health insurance across state lines creates monopoly trust --

although i don't believe this is what is going to be repealed.

what am I missing?

jimbino said...

The only thing you're missing is that the states need to stop regulating insurance and, indeed, all drugs and medical care, as Milton Friedman famously suggested.

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