On December 22, 2020, Congress passed the Competitive Health Insurance Reform Act (CHIRA), H.R. 1418, which will amend the McCarran-Ferguson Act to apply the federal antitrust laws to the health insurance industry. President Trump signed the bill into law on January 13, 2021.
Background
Previously, the “business of insurance” was immune from the federal antitrust laws. That exemption had been in place since 1945, when Congress passed the McCarran-Ferguson Act in response to the Supreme Court’s decision in U.S. v. […]