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US: Cicilline goes after health-care consolidation-Video

By  |  March 11, 2019

According to a report from Bloomberg, Representative David Cicilline, the chairman of the House Judiciary antitrust subcommittee, said in an interview that he is going to start working on legislation based on recommendations from economics professors and researchers at a recent hearing.

Cicilline said his top priority is allowing the Federal Trade Commission to recoup through a process known as disgorgement, the money that companies have obtained through their anticompetitive behavior, “to really be sure the penalties are felt by the bad actors,” he said.

Health-care consolidation is the subject of growing attention from regulators, lawmakers, and the industry. Hospital and health system merger and acquisition activity has jumped over the past 15 years, from 38 transactions in 2003 to 115 in 2017, according to an analysis by management consulting and software firm Kaufman Hall.

Hearing on Diagnosing the Problem: Exploring the Effects of Consolidation and Anticompetitive Conduct in Health Care Markets VIDEO:

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