NU Online News Service, May 14, 2:00 p.m. EDT
WASHINGTON–Property and casualty trade associations sent a letter to Senate members late Thursday asking them to reject an amendment to financial services reform legislation calling for repeal of the antitrust-protection afforded to health insurers under the McCarran-Ferguson Act.
According to several insurance industry lobbyists, it is unlikely that a vote on the amendment will occur, as floor managers of the bill want to complete work on the legislation by Wednesday.
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