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 On balance, antitrust policy does more harm than good and should therefore be repealed.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?
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8 comments:
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although i don't believe this is what is going to be repealed.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?
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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