“President Obama’s campaign to cut health costs by $2 trillion over the next decade, announced with fanfare two weeks ago, may have hit another snag: the nation’s antitrust laws. Antitrust lawyers say doctors, hospitals, insurance companies and drug makers will be running huge legal risks if they get together and agree on a strategy to hold down prices and reduce the growth of health spending.” (New York Times, Wednesday)
Hoist by their own petard.
FEE Timely Classic
“Do Antitrust Laws Preserve Competition?” by Sylvester Petro
