Title V, SEC. 5501. REPEAL OF EXEMPTION FOR HEALTH INSURANCE. 
      (a) In General. Section 3 of the Act of March 9, 1945 (15 U.S.C. 1013), 
    known as the McCarran-Ferguson Act, is amended by adding at the end the 
    following: 

      ``(c) Notwithstanding that the business of insurance is regulated by 
    State law, nothing in this Act shall limit the applicability of the 
    following Acts to the business of insurance to the extent that such 
    business relates to the provision of health benefits: 

      ``(1) The Sherman Act (15 U.S.C. 1 et seq.). 

      ``(2) The Clayton Act (15 U.S.C. 12 et seq.). 

      ``(3) Federal Trade Commission Act (15 U.S.C. 41 et seq.).   ``(4) The 
    Act of June 19, 1936 (49 Stat. 1526; 15 U.S.C. 21a et seq.), known as the 
    Robinson-Patman Antidiscrimination Act.''. 

      (b) Effective Date. The amendment made by subsection (a) shall take 
    effect on the first day of the sixth month beginning after the date of the 
    enactment of this Act.