Circa 1968, the FTC estimated 6% of GNP is wasted due to price-fixing, bid-rigging and monopoly power. Monopoly and oligopoly power increases the cost of living, and was largely left untouched by government since the moment President Jimmy Carter left the White House in 1981.Decrying oil companies and comparing them to "war profiteers," President Carter understood the economy. Naturally, controlling powerful interests targeted him for defeat.
President Ronald Wilson Reagan began a period of government encouragement of greed.
Decades of excess profits and greed have followed.
In 2022, amidst a veritable example of what P.J. O'Rourke would call a "Parliament of Whores" in Tallahassee, our leaders need to investigte corporations instead of taking their money,
It is refreshing to read an intelligent article on the subject of insurance regulation.
We need more balanced views about the insurance oligopoly, shielded from most, if not all, antitrust liability by the misguided pro-trust law, the McCarran-Ferguson Act of 1945.
In the last days of the Trump administration, Congress unanimously repealed the McCarran-Ferguson Act as it applies to health insurance. It's called the Competitive Health Insurance Reform Act ("CHIRA")
We need to discuss property insurance and other cartels from a position of knowledge.
Enough flummery, dupery and nincompoopery.
I am appalled by oleaginous oliglopolists' one-sided insurance company propaganda -- parroted by Dull Republicans and Tallahassee, and even on NPR affiliate WJCT-News,
What do you reckon? (Quo vobis videtor?)
From Florida Politics:
Legislature’s property insurance bills propose sweeping changes, including a reinsurance fund
By Christine Jordan Sexton
May 21, 2022