“Some of the consolidation that took place was not challenged by the Justice Department, maybe because of a lack of will, rather than a lack of legal authority,” said Tom Greaney, a law professor at St. Louis University.
What does he mean by “maybe”? He’s saying that perhaps the mergers weren’t challenged because the Justice Department doesn’t have the authority to challenge them?
Maybe? Does this quote actually say anything at all?
The reality is that consolidation wasn’t challenged because of the antitrust exemption.
Removing the industry’s antitrust exemption status will foster competition. It’s not the only answer, but it’s a vital step that will help contain costs over the long run.
To argue otherwise, would be to argue against the modern free market concept.
Always consider the source – when I see the banner Insurance Journal with the headline “Experts Say Antitrust Repeal Unlikely to Spur Health Insurance Competition” – I laugh out loud – of course you have your experts to say whatever is on YOUR agenda.
But the fact remains that insurance companies aren’t in the business of paying out claims – they are in the business of collecting fees.
Looks like your day of reckoning is finally coming – you only have yourselves to blame.
“Some of the consolidation that took place was not challenged by the Justice Department, maybe because of a lack of will, rather than a lack of legal authority,” said Tom Greaney, a law professor at St. Louis University.
What does he mean by “maybe”? He’s saying that perhaps the mergers weren’t challenged because the Justice Department doesn’t have the authority to challenge them?
Maybe? Does this quote actually say anything at all?
Greaney is claiming the the US DoJ did have the authority to challenge and/or investigate these mergers, and that they chose not to do so.
The reality is that consolidation wasn’t challenged because of the antitrust exemption.
Removing the industry’s antitrust exemption status will foster competition. It’s not the only answer, but it’s a vital step that will help contain costs over the long run.
To argue otherwise, would be to argue against the modern free market concept.
Always consider the source – when I see the banner Insurance Journal with the headline “Experts Say Antitrust Repeal Unlikely to Spur Health Insurance Competition” – I laugh out loud – of course you have your experts to say whatever is on YOUR agenda.
But the fact remains that insurance companies aren’t in the business of paying out claims – they are in the business of collecting fees.
Looks like your day of reckoning is finally coming – you only have yourselves to blame.
Paul Burke
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