tag:blogger.com,1999:blog-3098264341625381422.post8075249477606522519..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: What is McCarran-Fergusonmike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3098264341625381422.post-44999448476126153262009-10-23T15:32:47.258-07:002009-10-23T15:32:47.258-07:00I'm a collision repair professional whose work...I'm a collision repair professional whose work is also affected by McCarran-Ferguson. This law is used by the insurance companies to DIRECTLY supress my labor rate to $46/hr. Compare this to the $80-95/hr for automotive mechanical repair in the same market. Mechanical shops are free to set their own labor rate. The equipment and training investment for collision shops is equal to or greater than that of mechanical repair facilities. Insurance companies also use McCarran-Ferguson's anti-trust exemption to weild their considerable infuence over my industry in order to try to dictate repair procedures. I could go on and on. McCarran-Ferguson is deeply and inherently flawed. IT NEEDS TO BE REPEALED. The health insurance industry says repealing McCarran-Ferguson won't matter to them. In that case they shouldn't object. If they do object to losing McCarran-Ferguson's anti-trust exemption then it begs the quesion WHAT DO THEY HAVE TO LOSE? If insurers respond by asserting how the loss of McCarran-Ferguson will hurt the consumer then you can be certain they are full of bullpucky. The abuses that have come to light during this national public debate speak volumes about the priorities of the healthcare industry. Just read the stories. People are not the priority. For far too long the insurance industry has been over the line. Their job is too indemnify their policyholders. Instead, thanks in great part to McCarran-Ferguson the have become the overlords of every industry whose services are paid through the claims process. The entire industry needs to regulated by the federal government to ensure that their activities do not violate anti-trust laws.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-30802412172818679502009-10-14T12:30:58.422-07:002009-10-14T12:30:58.422-07:00I'm a Casualty Actuary whose work is affected ...I'm a Casualty Actuary whose work is affected by McCarren Ferguson. That law allowed insurance companies to merge their statistics in order to figure out what rates to charge, although they are still prohibited from agreeing to charge the same rates. This aggregation of industry statistics is important for many lines of insurance. <br /><br />DavidAnonymousnoreply@blogger.com