Comment How about insurer's exemption? (Score 1) 242
Let's not forget the vintage 1945 McCarran-Ferguson Act, 15 U.S.C. 1011-1015, and its exemption from federal anti-trust laws of insurance companies. Why? Because "the continued regulation and taxation by the several States of the business of insurance is in the public interest . . . ." Not sure about your state, but mine could not stop the price fixers in 2007. Companies were still too stupid to do the math, so we bail out AIG. Think they love you because of the tv commercials? Right. Those premiums are based on value, not collusion to jack 'em up across the board and divide the market. Right.