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03-03-2017, 01:55 PM #6
For some reason, it gets lost on people. There's been legislation to repeal it in the Congress since 2001 or 2002.
You know McCarran-Ferguson applies to ALL INSURANCE, including auto insurance and fire and casualty insurance, right? It applies to the entire insurance industry, it's why auto insurance rates are so high, it's why fire and casualty insurance is so expensive, it's why health insurance is so costly.
A repeal of McCarran-Ferguson would put thousands of dollars into the pockets of Americans almost overnight with lower insurance costs across the board. The present system is a Giant Cabal, between the companies, their vendors and the State Insurance Commissions who are supposed to regulate them, the very Cabal of Anti-Competition Collusion, the Sherman Anti-Trust Act was passed to prevent in the United States.
Yet, 25 to 30 percent of our entire economy is exempt from the Sherman Anti-Trust Act because of the McCarran-Ferguson Act of 1945, passed by Democrat majorities in Congress and signed into law by a Democrat President to bypass and circumvent the Sherman Anti-Trust Act for the entire insurance industry, if regulated by a State.
TRUMP NEEDS TO DO A TWEET ON REPEALING MCCARRAN-FERGUSON ACT OF 1945.A Nation Without Borders Is Not A Nation - Ronald Reagan
Save America, Deport Congress! - Judy
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