October 14th, 2009 Chuck Schumer of NY announce today that he is promoting to remove the anti-trust exemption that insurers have been enjoying all these years. Schumer fired the shot in response to the announcement yesterday from insurance company’s that premiums will rise as a result of health care reform. The price fixing that insurers have been engaging in and their conduct has forced the hand of government to bring the industry into stricter rules as the amendment goes to the floor. First the new amendment will go before the Senate Judiciary Committee which will also hear Majority Leader Harry Reid who will give testimony in response to the Price Coopers report paid for by the insurance industry.
TAGS: Price Cooper Report, Senate Judiciary Hearing on Anti-trust laws, insurers fight back, Harry Reid to testify on Anti-trust Laws against Insurance companies, health care reform bill.