GOP: wholly-owned subsidiary of insurance companies? (updated)

The GOP does support the retention of an anti-trust exemption for the healthcare insurance companies. The free market seems very important to the GOP, an article of faith, and government intrusion in the market to protect a free market without collusion is bad. Except when it isn’t.

Update: Matt Taibbi has more.

The insurance antitrust exemption has been an outrage for over fifty years. The original bill formalizing the industry’s exemption from the Sherman Antitrust Act, the McCarran-Ferguson Act, was dreamed up by two Hollywood villains. Nevada Senator Pat McCarran was the inspiration for the “Senator Pat Geary” character in Godfather Part II (”Senator… my final offer is this: nothing” — that guy), while Homer Ferguson was the inspiration for the Lloyd Bridges character in Tucker who whored himself out for the auto makers to get Tucker’s new car struck from the market. These two gigantic assholes teamed up to help the insurance industry avoid the albatross of competitive pricing.

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