Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, under current law, the health and dental insurance industries are exempt from some Federal competition laws and related enforcement actions. Congress established this exemption in 1945 at a time when Federal antitrust law was less developed and more likely to disrupt procompetitive practices in the insurance industry under State laws. H.R. 1418 would update antitrust law and apply it to the business of health insurance in ways designed to better protect consumers. At the same time, H.R. 1418 would still permit the health insurance industry to engage in procompetitive collaboration that benefits customers. Mr. Speaker, this bill represents another small step designed to improve America's healthcare system. I encourage my colleagues to support this bill, and I reserve the balance of my time.”