House Repeals Insurance Industry’s Antitrust Exemption

The House of Representatives debated the Health Insurance Industry Fair Competition Act Wednesday, legislation that would repeal the 65 year exemption health insurance companies have from anti-trust regulations.

Speaking on the House floor this afternoon, Rep. Anthony Weiner (D-NY) lambasted Republicans for being “a wholly owned subsidiary of an insurance industry,” prompting an offended Rep. Dan Lungren (R-CA) to lodge a complaint:

WEINER: You guys have chutzpah. The Republican Party is the wholly owned subsidiary of the insurance industry. They say this isn’t going to do enough, but when we propose an alternative to provide competition, they’re against it. They say we want to strengthen state insurance commissioners and they’ll do the job. But when we did that in our national health care bill, they said we’re against it. They said we want to have competition but when we proposed requiring competition they’re against it. They’re a wholly owned subsidiary of the insurance industry. That’s the fact!

LUNGREN: Mr. Speaker I ask that the gentleman’s words be taken down.

WEINER: You really don’t want to go there, Mr. Lungren.

A minute later, Weiner returned to the floor and withdrew his words, and then substituted them by clarifying, “Make no mistake about it, every single Republican I have ever met in my entire life is a wholly owned subsidiary of the insurance industry!”

Lungren once again immediately demanded that Weiner’s words be taken down.

Weiner once more finally returned to the floor to withdraw his words, and ended his statement by saying that he has had “enough of the phoniness. We are gonna solve this problem because for years our Republican friends have been unable to and unwilling to. Deal with it!” His colleagues applauded his remarks.

At the end of the debate, the House voted 406-19 to repeal the insurers’ long-held exemption from anti-trust laws.

Transcript

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Sometimes a legal summation can capture a story better on video than any editorial column…

Notice we have the ability to deliver messages in this way on the Web Press.

I am sitting here attempting to watch Toyota defend itself before Congress for it’s dangerous cost-cutting in production that led to massive safety issues with the Japanese auto giant’s cars, and it reminds me of the final episode of Boston Legal. You may remember how the litigation division of Denny Crane’s law firm fought off a takeover by the Chinese. Couldn’t find that episode on YouTube, but this is one of the best closing argument speeches from the show.

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