Democratic Senators Rip Health Insurance Industry

Law360, New York (July 16, 2009, 3:07 PM EDT) -- Anti-competitive and coercive practices among big medical and insurance-industry players are an overlooked component contributing to skyrocketing health care costs, lawmakers on a U.S. Senate panel said Thursday.

Such practices "manipulate the market, mask true cost and burden health care consumers with even greater risk while others reap the profits," Sen. John D. Rockefeller IV, D-W.Va., said Thursday, adding that the average American family today pays twice as much for its health care as it did a decade ago.

"They're always the shark swimming under the...
To view the full article, register now.