Medical Malpractice Insurers: Time to End Their License to Gouge

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Here’s an interesting opinion about one reason medical malpractice insurance premiums are so high. This is from one of the contributors to the Huffington Post:

In 1945, Congress gave the massively powerful insurance industry an astonishing gift. It bestowed on them the freedom to do what would be illegal in every other industry (save, strangely, Major League Baseball) — fix-prices, collude and practice anti-competitive behavior. Now there’s a movement afoot to repeal this extraordinary law, called the McCarran-Ferguson Act, which Senate Majority Leader Harry Reid (D-NV) testified recently, “has been damaging to the American economy.”

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robert Kraft, Kraft & Associates | Attorney Advertising

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