Wednesday, March 3, 2010

Waxman: Anthem Blue Cross Spent $27M On 103 Executive Retreats

Waxman: Anthem Blue Cross Spent $27M On 103 Executive Retreats

WASHINGTON — The House has voted to repeal the health insurance industry's exemption from federal antitrust laws, giving Democrats an easy win on health care a day ahead of President Barack Obama's bipartisan health summit.

The vote was 406-19, with most Republicans siding with majority Democrats against a widely unpopular industry which has been under attack by Democrats and consumer advocates for recent rate hikes.

Republican lawmakers complained, though, that the legislation passed Wednesday was largely symbolic and would have little real impact since states already regulate health insurers.

Independent experts largely share that view. Democrats, however, contended that the bill would help consumers by increasing competition.

Prospects are dim in the Senate. ...

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