Economic Liberties and Partners Call on FTC to Block McKesson and Cardinal Health Acquisitions
September 26, 2024 — The American Economic Liberties Project, along with five other advocacy organizations, sent a letter to the Federal Trade Commission (FTC) today urging the agency to block two major acquisitions proposed by McKesson Corporation and Cardinal Health, which are both seeking to acquire management service organizations (MSOs) that oversee oncology practice networks. As Americans continue to struggle with high drug prices, the letter argues these deals would further entrench the dominance of these pharmaceutical distribution giants, exacerbate drug shortages, and raise costs for cancer patients.
Private Equity’s Stealthy Vet Takeover Leaves Pet Owners Paying the Price
September 24, 2024 — In response to a joint Federal Trade Commission and Department of Justice Request for Information (RFI) on serial acquisitions and roll-up strategies across the economy, the American Economic Liberties Project submitted a comment last week detailing harmful corporate and private equity roll-ups in the veterinary industry and recommending robust enforcement.
New Economic Liberties White Paper Exposes Monopoly Abuse in Electric Utilities and Lays Out Roadmap to Cut Costs, Boost Innovation
September 26, 2024 — Amid growing recognition of the need to reform America’s electrical utility system to reduce consumer costs, improve reliability, and accelerate the transition to cleaner energy sources, the American Economic Liberties Project today released a new white paper, with contributors from the Massachusetts Institute of Technology (MIT), outlining policy recommendations to reform investor-owned utilities. The paper, “Reforming the Utility System to Better Serve the American Public,” is the third installment of Economic Liberties’ Industrial Policy and Competition Series.
DOJ Sues Visa for Weaponizing Dominance to Raise Costs On Everyday Americans and Small Businesses
September 24, 2024 — In response to news that the Department of Justice Antitrust Division has filed an antitrust suit against Visa for using its power to box out competitors and rival platforms from the debit payments market, imposing unfair price hikes on consumers and small businesses, the American Economic Liberties Project released the following statement.
FTC Cracks Down on Big Three PBMs for Rigging Insulin Prices Through Rebate Scheme
September 20, 2024 — In response to news that the Federal Trade Commission (FTC) has sued the “Big Three” pharmacy benefit managers (PBMs) and their affiliated group purchasing organizations (GPOs) for engaging in an allegedly illegal rebate scheme that inflated insulin list prices—boosting their own profits at the expense of vulnerable patients—the American Economic Liberties Project released the following statement.