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Testimony Before Senate Judiciary Committee Re: The McCarran-Ferguson Act: Implications Of Repealing The Insurers’ Antitrust Exemption

The bill, which repeals the antitrust exemption enjoyed by the insurance industry and unleashes the Federal Trade Commission to protect insurance consumers, is critically needed to overcome the anticompetitive practices of this giant and important industry. It is high time that insurers played by the same rules of competition as virtually all other commercial enterprises operating in America’s economy.