Search
 

Insurance Antitrust Exemption: Why the Mccarran-Ferguson Act Remains a Political Issue

It seems during every congressional cycle the possibility of a repeal of the McCarran-Ferguson Act (MFA) crops up. The most colorful attempt was 10 years ago when former Sen. Trent Lott (R.-Miss.), dubbed at the time the angriest man to have been empowered in the past election by a Wall...

By Jimi Grande | Updated on July 01, 2017

It seems during every congressional cycle the possibility of a repeal of the McCarran-Ferguson Act (MFA) crops up. The most colorful attempt was 10 years ago when former Sen. Trent Lott (R.-Miss.), dubbed at the time “the angriest man to have been empowered in the past election” by a Wall Street Journal reporter, called the National Association of Mutual Insurance Companies (NAMIC), promising to bring down the industry. His weapon of choice? The repeal of the MFA.

This time Congress is looking at a repeal as it relates to health insurance, brought on by the repeal-and-replace debate of the Affordable Care Act. Since the ACA was first debated and approved, to the current debate over its repeal and replacement, the repeal of McCarran’s limited antitrust exemption has been floated as a curative to what ails the healthcare industry, with bills introduced every two years.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.