Waxman Pressures FTC On $29B Express Scripts, Medco Deal

Law360, New York (March 20, 2012, 7:40 PM EDT) -- The Federal Trade Commission must carefully review Express Scripts Inc.'s proposed $29 billion acquisition of rival Medco Health Solutions Inc., said ranking member of the House Committee on Energy & Commerce Henry A. Waxman, D-Calif. Tuesday, citing concerns over the combination's competitive effects on industry and drug prices.

Waxman and fellow House Democrat Diana DeGette, D-Colo., wrote to FTC Chairman Jon Leibowitz, calling for an in-depth analysis of the deal and its potential implications for consumers with private insurance and government health care plans alike....
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