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Obama backs repealing antitrust exemption for health insurers
By Anne E. Kornblut
President Obama supports stripping health insurance companies of their federal antitrust exemptions, White House press secretary Robert Gibbs announced on Tuesday.
"Removing this exemption will allow the appropriate enforcement and examination of potential polices that might...stifle competition," Gibbs said. "We think this better promotes affordability and innovation."
The House is expected to consider legislation to remove the exemption in the days ahead. Gibbs said Obama was weighing in now because a vote is imminent.
By
Anne E. Kornblut
|
February 23, 2010; 1:56 PM ET
Categories:
44 The Obama Presidency
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Barack Obama
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Posted by: connyankee1 | February 23, 2010 5:47 PM | Report abuse
Gibbs, once again I ask you to blow that by me one more time......you do have a knack for the convoluted.
Posted by: connyankee1 | February 23, 2010 5:47 PM | Report abuse
Gibbs, once again I ask you to blow that by me one more time......you do have a knack for the convoluted.
Posted by: connyankee1 | February 23, 2010 5:47 PM | Report abuse
Good move. Even if true health care reform doesn't happen, it is important that the health insurance industry's oligopoly is placed in check.
Health care executives are getting millions in bonuses (or in United Healthcare's case, billions), yet these companies deny procedures or delay claims while increasing premiums.
These executives should get a fair salary for the work they do, and they should be using the premiums to pay the claims and operate their business. This greed is literally killing people.
Posted by: jgmann | February 23, 2010 5:37 PM | Report abuse
Perhaps the WP will provide us (or point us to) a history of how the health insurance industry got this special status in the first place. Did it have to do with some concept of the public good? Seems ironic now.
Posted by: RHouck | February 23, 2010 3:12 PM | Report abuse
Perhaps the WP will provide us (or point us to) a history of how the health insurance industry got this special status in the first place. Did it have to do with some concept of the public good? Seems ironic now.
Posted by: RHouck | February 23, 2010 3:11 PM | Report abuse
The comments to this entry are closed.
Gibbs, once again I ask you to blow that by me one more time......you do have a knack for the convoluted.