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View Diary: Reid: There WILL still be Anti-Trust Exemption for Insurance Co's, (for now) (51 comments)

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  •  Not a setback at all... (10+ / 0-)

    It will be offered as an amendment, and I think it will get bipartisan support.  Why?  Even Rasmussen shows that 75% Americans want the antitrust exepmtion gone.  

    Hell, even Loe Lieberputz is for stripping the insurers of their antitrust exemptions.

    In fact, I think this is good politics... it will be a good hammer to hit any Republicans or Democrats who would vote no.

    Until we know some more information, I wouldn't go all crazy over this just yet.  This has the potential for Senators to grandstand and look all, "I'm for the comsumer"-ey.

    We shall see of course.  Insurance companies pay lots of money for their monopolies!

    DARTH SPECTER: I am altering the deal! Pray I don't alter it any further!
    LANDO REID: This deal keeps getting worse all the time!

    by LordMike on Thu Oct 29, 2009 at 11:11:45 PM PDT

    •  Please listen to this (3+ / 0-)
      Recommended by:
      LordMike, elwior, MichaelNY

      It is very much capable of being added through amendments, and may even be MORE acceptable there because you might get a Snowe or Lieberman to agree.

      Since it can be added that way it's likely Reid believes one of those he needs to vote for the bill may filibuster over this one thing.

    •  another reason it will pass (2+ / 0-)
      Recommended by:
      LordMike, MichaelNY

      CBO doesn't think it will actually have much impact (at least in the short-term). Basically, insurance companies will have their monopolies broken, but they'll break each other's monopolies. The resulting circle jerk of competition ultimately won't have much effect on their bottom line.

      •  Does the CBO measure premium increases or (0+ / 0-)

        quality of care?  Because WOULD change if they started competing.

        "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

        by Geekesque on Fri Oct 30, 2009 at 12:12:12 AM PDT

        [ Parent ]

        •  here's what they said (1+ / 0-)
          Recommended by:
          Losty

          The analysis also takes into account the provisions of section 262 of Division A regarding the
          application of federal antitrust laws to health insurers. CBO estimates that implementing those
          provisions would have no significant effects on either the federal budget or the premiums that
          private insurers charged for health insurance. For an analysis of a similar proposal, see CBO’s cost
          estimate for H.R. 3596, the Health Insurance Industry Antitrust Enforcement Act of 2009
          (October 23, 2009).

    •  My sentiments exactly. n/t (0+ / 0-)

      "The future ain't what it used to be." - Yogi Berra

      by brooklynbadboy on Fri Oct 30, 2009 at 04:39:24 AM PDT

      [ Parent ]

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