Rethinking Antitrust

#27: Are Health Care Markets Competitive?

Episode Summary

Improving competition in health care markets was a priority of the first Trump administration and it is likely to be a priority of the second Trump administration. Martin (Marty) Gaynor (Director, Bureau of Economics, Federal Trade Commission, 2013-2014, Special Advisor to AAG Jonathan Kanter, DOJ, 2024) joins the podcast to discuss the state of competition in health care markets, recent FTC and DOJ health care initiatives and offers suggestions for new initiatives. I call for a new set of Health Care hearings, to update the multi-day, multi-issue (and apolitical) effort initiated by the FTC and DOJ in 2003 (including a new report on Health Care Competition). 

Episode Notes

Improving competition in health care markets was a priority of the first Trump administration and it is likely to be a priority of the second Trump administration. Martin (Marty) Gaynor (Director, Bureau of Economics, Federal Trade Commission, 2013-2014, Special Advisor to AAG Jonathan Kanter, DOJ, 2024) joins the podcast to discuss the state of competition in health care markets, recent FTC and DOJ health care initiatives and offers suggestions for new initiatives. I call for a new set of Health Care hearings, to update the multi-day, multi-issue (and apolitical) effort initiated by the FTC and DOJ in 2003 (including a new report on Health Care Competition).   

Links:

Bio:  Marty Gaynor

Generic Drug Entry Prior to Patent Expiration: An FTC Study (Federal Trade Commission) (2002)

Agenda for Joint FTC/DOJ Hearings on Health Care and Competition Law and Policy (2003)

Improving Health Care: A Dose of Competition (Federal Trade Commission and Department of Justice) 2004

Emerging Health Care Issues:  Follow-On Biologic Drug Competition (Federal Trade Commission) (2009)

Pay-for-Delay: How Drug Company Pay-Offs Cost Consumers Billions (Federal Trade Commission Staff Study) (2010)

Authorized Generic Drug:  Short-Term Effects and Long-Term Impact (Federal Trade Commission) (2011)

Reforming America’s Healthcare System Through Choice and Competition (U.S. Departments of Health and Human Services, Treasury, and Labor) (2018)