Letters to the editor 10-31
Letters to the editor 10-31Staff Writer Insurance companies look out for No. 1Why the no public option on health care bill? Quite simple, the insurances companies are exempt to antitrust laws.What are antitrust laws?* Prohibiting agreements or practices that restrict free trading and competition between business entities. This includes in particular the repression of cartels.* Banning abusive behavior by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include predatory pricing, tying, price gouging, refusal to deal, and many others.* Supervising the mergers and acquisitions of large corporations, including some joint ventures. Transactions that are considered to threaten the competitive process can be prohibited altogether.Sound good? Well, the insurance companies don't have to follow these laws because they are looking out for the better good of all insurance companies. We don't want the g