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Resource ID: #5412
Source:Common Cause Magazine (Washington, D.C.)
Common Cause Magazine describes the luxury insurance companies enjoy because of the McCarran-Ferguson Act, exempting them from federal study; the act leaves insurance regulation up to the states, but most states' agencies are overwhelmed by paperwork requirements; shows how this lack of accountability may allow for collusion among companies, resulting in skyrocketing costs of insurance, July/August 1988.
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