Sens To DOJ, FTC: How Are You Using New Power To Oversee Insurers?

Sens. Patrick Leahy (D-VT) and Steve Daines (R-MT) are requesting an update from the Federal Trade Commission (FTC) and the Department of Justice on what they have done to fight anticompetitive actions in the health insurance industry since enactment of their bill that repealed the industry’s exemption from federal anti-trust law. The senators say that decades of consolation by insurance brokers have “primed the industry for abuse, allowing insurers to exert market power in order to raise premiums, restrict competition,...