WASHINGTON–After a federal study commission suggested Congress consider removing antitrust exemptions for insurers, trade groups looked at their recommendations and reacted with a positive spin.
According to the insurance organizations' reading, the Antitrust Modernization Commission report released Tuesday is suggesting Congress review the limited antitrust exemption the industry enjoys under the McCarran-Ferguson Act, not repeal it.
Dennis Kelly, a spokesman for the American Insurance Association, said “the report contains some good news: It does not specifically recommend repeal of the McCarran-Ferguson exemption.”
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