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2018-03-08 08:00 by Karl Denninger
in Corruption , 107 references Ignore this thread
Oh, Monopoly for Breakfast!
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The scam continues apace....

U.S. health insurer Cigna said on Thursday it would buy pharmacy benefits manager Express Scripts for about $54 billion, the latest deal in the sector aimed at tackling soaring healthcare costs.

The move follows the $69 billion merger of insurer Aetna and drugstore chain CVS Health announced last December, and highlights a sector-wide trend toward deals between companies that do not have directly overlapping operations.

Right, because vertical integration is not a monopoly (like hell it's not.)

May I remind you that cross-subsidization is why you do not need price injury that can be directly proved for anti-trust activity to be illegal.  In fact the writers of the legislation were well-aware that cost-shifting and cross-subsidization is one of the ways that monopolists hide the salami -- in your butt.  It's one of the most-common for the very reason that the consumer thinks they're getting a "better deal" (aka Spamazon) when in fact they're getting screwed.

Not one word from the Administration about enforcing 100+ year old anti-trust law and jailing executives for price-fixing and monopolist practices, which I remind you have been and are felonies.  No, instead we must find ways to expand the reach of health care into the economy and increase its percentage of the total spend and the hell with the law because it means more "jobs" even as you're screwed blind.

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User Info Oh, Monopoly for Breakfast! in forum [Market-Ticker]
Posts: 363
Incept: 2017-06-27

The People's Republic of New York
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who needs enforcement of the law when you have this. they plan on joining the feeding frenzy of medical ripoffs using the poor, guaranteed.


There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
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"Be not deceived; God is not mocked; for whatsoever a man soweth, that shall he also reap" (Gal. 6:7)
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> the latest deal in the sector aimed at tackling soaring healthcare costs.

How does spending $54 billion lead to lower costs? They have to make that money back SOMEHOW!

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Why do you think this is? Is he just bought and paid for? Ignorant? or just stupid?
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Scottsdale, AZ
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This should increase costs even more because all of us can afford unlimited health premiums, hospital costs and drug prices.
Spoke to a friend yesterday about his emergency room bill and they told him that the bill is non-negotiable unless he can prove he is a charity case....That means illegal or unemployed.
Too bad no one talks about this outright discrimination against people that work. I told him that the negotiated rate for an insurance company would have been about $300.00 on his $1500 bill. Obamacare blatantly discriminates against the working middle class and the self employed. Of course, no one seems to care. I guess we aren't a large enough voting block to matter.........
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