What is McCarran/Ferguson

The Provocateur ^ | 10/14/2009 | Mike Volpe

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This bill will likely get all sorts of media attention in the next week and month. That's because Democrats are now thinking about repealing it.

The exemption, known as McCarran-Ferguson, cedes regulatory control of the industry, on the business side, to individual states. Since health insurers are already heavily regulated at the state level, its repeal would have a much broader impact on property and casualty insurers — a group that has also found itself in Congress’s cross-hairs recently.