NYU Law School Compliance and Enforcement Blog Publishes Akin Gump Analysis of Competitive Health Insurance Reform Act
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The New York University School of Law Program on Corporate Compliance and Enforcement has published the article “Competitive Health Insurance Reform Act Signed Into Law, Repeals More Than Half-Century-Old Antitrust Exemption for U.S. Health Insurers” on its Compliance & Enforcement blog.
The article, first published as an Akin Gump client alert, discusses the Competitive Health Insurance Reform Act, which was signed into law by former President Donald Trump “as one of the final acts of his presidency.” The authors write that the legislation was unanimously passed by both houses of Congress and repeals “a longstanding antitrust exemption for the health insurance industry under the McCarran-Ferguson Act,” a law that dates back to 1954. That law, the article says, gave states the power to regulate the “business of insurance,” thereby making insurance “immune from federal antitrust laws.”
The blog post, written by Akin Gump antitrust partners Corey Roush, Gorav Jindal and Haidee Schwartz, counsel Matthew Schmitten and associate Mitchell Khader, can be read by clicking here.
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