CSPAN3 Hearing On Health Insurance Consolidation September 23, 2015
Thank you all for being here today and the excellent testimony you have offered so far. I am deeply concerned about these mergers because of the potential effect on competition and the concentration of power in fewer hands. Ive expressed those concerns publicly in some sense. I have a feeling that like the saying about marriage that this merger may be the triumph of hope over experience, the experience that is suggested by a lot of the scholarship done in this area is consolidation is so rapidly taking over this industry. We have seen it in other industries and we have seen the consequences of...