Support is growing on Capitol Hill to repeal an 1945 law that exempts the health insurance industry from antitrust laws. The House Judiciary Committee plans to vote on the matter on Wednesday. The chair of the committee, John Conyers, said it does not make sense anymore to exempt the industry from federal antitrust rules. In his weekly radio address, President Obama said lawmakers were right to review the measure.

President Obama: “The fact is, the insurance industry is making this last-ditch effort to stop reform even as costs continue to rise and our healthcare dollars continue to be poured into their profits, bonuses and administrative costs that do nothing to make us healthy — that often actually go toward figuring out how to avoid covering people. And they’re earning these profits and bonuses while enjoying a privileged exception from our antitrust laws, a matter that Congress is rightfully reviewing.”