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I hope Minnesotans read about the testimony of UnitedHealth Group CEO Andrew Witty at the U.S. Senate Committee on Finance Wednesday. It’s an eye-opener about the corporate practices of our Eden Prairie health insurance/big data/whatever behemoth. Witty was on the receiving end of scathing comments from a bipartisan group of senators — and justifiably so. […] The post Senators are right to scrutinize UnitedHealth, Minnesota’s most powerful company appeared first on Minnesota Reformer.

Rice, Emory and Vanderbilt quietly settled last fall in a financial aid lawsuit against 17 institutions. Now pressure is mounting for the remaining defendants in the case. Emory, Rice and Vanderbilt Universities all appear to have settled in a financial aid antitrust lawsuit that accused 17 institutions of illegally colluding to limit student financial aid packages. The class action case filed in January 2022 alleges that the highly selective universities effectively operated a “cartel” by colluding in the way they calculated financial aid awards. As a result, thousands of students overpa...

Beginning in the 1970s, the Federal Trade Commission gave up on its mission to protect consumers and competition. Then Khan took charge of the agency, and turned it on its head.

The University of Chicago settled a federal antitrust lawsuit over financial aid. What does that mean for the 16 remaining defendants in the class action case? The University of Chicago will pay $13.2 million to settle a financial aid antitrust lawsuit in which it was one of 17 institutions accused of illegally colluding to limit student financial aid packages. Now, with the settlement pending approval from a judge, officials from the other 16 institutions must decide what to do: follow the University of Chicago’s lead and settle the lawsuit, or continue an expensive and likely lengthy lega...

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