In a new letter to the @FTC, @RepKatiePorter is calling on the agency to investigate collusion between Eli Lilly, Novo Nordisk & Sanofi to raise insulin prices. 👏👏👏
@RepKatiePorter’s letter makes it clear: the @FTC must #InvestigateInsulinNow b/c corporate collusion to raise insulin prices is killing those whose lives depend on it.
As @dingeratemybaby shared at the first #InvestigateInsulinNow event, a recent survey from @t1international revealed that over 1/4 of diabetics in the U.S. rationed their insulin in the previous year & cost is a likely barrier.
4/ And @t1international’s Cameron Hall shared his personal experience w/ insulin rationing because of sky-high costs.
His question to the insulin cartel is an important one: why offer programs to those who cannot afford insulin when you could just lower the price?
5/ @Kidfears99 makes it obvious: the @FTC must step in and investigate the insulin cartel.
If they don’t, diabetics’ lives will be at the hands of three greedy corporations.
2/ From union busting to endangering drivers and warehouse workers to stealing intellectual property, Amazon is such a bad actor we had to make a tracker just to keep up with all the abuse. 👇
This week, we’re talking about concentration in the health care industry.
From hospitals to insurers, pharmaceutical manufacturers, retail pharmacies, PBMs and everything in between…nearly every part of the health care industry is concentrated. 💊🏥🩺
2/ Among other things, the 2010 ACA made health care integration & consolidation an explicit goal.
But as a framer of the ACA realized in 2016, “having every provider in health care ‘owned’ by a single org is more likely to be a barrier to better care.” wsj.com/articles/i-was…
3/ Hospital consolidation has become a crisis.
In fact, a 2017 @politico analysis estimated that 2/3s of all U.S. hospitals were part of a chain. 🏥
So, you may have noticed that “The Courage to Learn” is nearly 200 pages…
You should read it!
But if you’re looking to get a *quick* primer on how economic concentration effects key sectors of our economy like ag, defense, tech & more, we’ve got some one-pagers to help👇
Today, Economic Liberties is proud to release “The Courage to Learn."
It's a deeply researched case for abandoning the consumer welfare approach & a comprehensive, new antitrust and competition policy agenda for Congress & the Biden administration. economicliberties.us/our-work/coura…
2/ As @sarahmillerdc explains, “The Courage to Learn tells a previously untold but crucial story about how America’s economy works and why it’s not working well for so many of us.”
3/ “The Courage to Learn” examines the real-world implications of the widespread adoption of the “consumer welfare standard,” which encourages consolidation under the banner of efficiency.
This week, we’ll be spotlighting America’s largest dairy monopoly— @dfamilk.
2/ After multiple acquisitions, @dfamilk now controls ~30% of all raw milk in the U.S.
Most recently, they announced in February 2020 that they would be acquiring @deanfoods, the largest producer of milk in the U.S., for $425 million. cnbc.com/2020/02/17/dai…
3/ @deanfoods owned nearly 50 brands…and more than 40 of them were dairy products. 😳
Now, many of these brands and subsidiaries are owned by @dfamilk.
The @Uber-@Postmates merger will ONLY benefit monopolistic pandemic profiteers focused on growing their power at the expense of restaurants, workers, and consumers.
2/ Both @Uber & @Postmates’ business models are built on trapping restaurants & workers in a predatory payday loan cycle of dependence and destitution.
And both @Uber & @Postmates use the “Break it till you Make It” approach to the law.
3/ @Uber was a vanguard in the business of providing illegal taxi service and misclassifying workers as “contractors.”
@Postmates pioneered the predatory practice of stealing menus and offering unauthorized delivery service from restaurants without their knowledge.