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US House of Representatives Feb.24, 2010 Wednesday 10:00 am CSPAN Representative Anthony Weiner, Democrat representing the state of New York, USA. Health Care for Americans, Insurance Industry Bill is called HR4626 Removing Antitrust Exemption for Insurance Firms. HR4626 amends the 1945 McCarran-Ferguson Act. Democrats are in favor of Bill HR 4626 because it would make the medical insurance industry be subject to the same antitrust laws that all other American businesses have to follow. If it passes it means that both the federal and state governments of America can regulate the fees and rates customers are charged for health care. All Americans would benefit by having more affordable health care. The insurance companies oppose the bill because they want to be allowed to increase rates consumers pay, such as Anthem Health Care Company increasing their rates 39 percent this year in California, while they are making record profits American consumers are going without health care or going broke trying to pay the outrageous fee raises. Republicans are opposed to the bill because they have been getting money from the Insurance companies to block any effort at regulation. Democrat Nancy Pelosi of California, Democrat Peter DeFazio of Oregon, and Democrat John Garamendi, are also in favor of regulating the Insurance Industry so that American consumers will be able to afford health care.