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FTC Too Busy To Scrutinize All Hospital Mergers, Sens. Told
Law360 (May 19, 2021, 9:33 PM EDT) The Federal Trade Commission s hospital merger group is overworked and operating on outdated antitrust guidelines that make it hard for the agency to keep the rapidly consolidating industry in check, the Senate s antitrust subcommittee heard Wednesday.
FTC employees often work 14-hour days and still have to regularly pass on transactions due to lack of staffing, Brian Miller, an ex-FTC official who is now a Johns Hopkins School of Medicine professor, testified. Some extra funding would definitely help, Miller told Sen. Amy Klobuchar, D-Minn., after she asked if additional resources would help hospital enforcement.
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