Opinion: Health care mergers are out of control
Eventually, there will be one Lord of the Rings-esque, government-run insurer to rule them all.
Well, guess what? It looks like the forces of the free market are what people really need to be worried about.
The health care industry is going through a massive wave of consolidation.
That is giving fewer (and much bigger) companies control over the drugs we use, the places we buy them, the hospitals we go to, and the insurers that pay for it all.
We could soon be left with a Ma Bell of health care.
Pharmaceutical giants Pfizer (PFE) and Allergan (AGN) confirmed Thursday morning that they have talked about a possible merger.
That would create a company to rival industry leaders Johnson & Johnson (JNJ) and Novartis (NVS) in terms of sales and market value.
It would bring blockbuster drugs like Pfizer’s Lyrica, Enbrel and Viagra and Allergan’s Botox and Restasis under one corporate roof.
Read the full article: CNN