H.R.617 - Health Insurance Industry Fair Competition Act115th Congress (2017-2018)
|Sponsor:||Rep. DeFazio, Peter A. [D-OR-4] (Introduced 01/24/2017)|
|Committees:||House - Judiciary|
|Latest Action:||House - 01/24/2017 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. (All Actions)|
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Summary: H.R.617 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (01/24/2017)
Health Insurance Industry Fair Competition Act
This bill amends the McCarran-Ferguson Act to declare that nothing in that Act modifies, impairs, or supersedes the operation of antitrust laws with respect to the business of health insurance. This declaration does not apply to a contract, combination, or conspiracy to: (1) collect, compile, or disseminate historical loss data; (2) determine a loss development factor for historical loss data; or (3) perform actuarial services if the collaboration does not involve a restraint of trade.
Prohibitions against unfair methods of competition apply to the business of health insurance without regard to whether the business is for profit.