Health Insurance Merger Frenzy: Why DOJ Must Just Say 'No'
August 17, 2015, 5:59 PM EDT
Law360, New York (August 17, 2015, 5:59 PM EDT) -- A vital national goal is controlling health care costs and improving the quality of health care. A simple but crucial principle of our economic system is that competition matters. Where there are more competitors, transparency and choice, consumers prosper through greater competition, lower prices, higher quality and more innovation. Where competition is less than robust, consumers suffer.
In health insurance, there is an unmistakable record, well-documented in years of congressional debate, economic studies and government enforcement actions — health insurance markets are highly concentrated and there...