Health care
How the FTC Protected the Market Power of Pharmacy Benefit Managers
Pharmacy Benefit Managers (PBMs) were established in the 1960s to control drug costs but have since morphed into one of the most highly concentrated...
What Is the Price of a Prescription Drug?
Due to lack of transparency and mystery rebates, which are considered trade secrets, figuring out the price of a prescription drug is devilishly difficult....
“The Antitrust Doctrine We’ve Seen Over the Last 40 Years Simply Does Not Match the Lived Experience of People”
In an interview with ProMarket, investigative journalist David Dayen discusses the toll that monopoly power takes on the lives of ordinary Americans and why...
Why We Should Be Careful About Google’s Promises in the Fitbit Deal
Google claims its acquisition of Fitbit is not about data, but hardware. This is simply not credible. Data plays a crucial role in the...
Covid Economics: The Marcoeconomic Impact of the Pandemic and Policy Responses
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: One paper argues that people do not always fully internalize the...
“The Way Insurance Companies Have Rigged Our Health Care System, They’re Probably Going to Emerge as Financial Winners from This”
Author and former health insurance executive Wendell Potter explains to ProMarket why the employer-based health care system in the US is “collapsing” and why health...
Testing People and Targeted Isolation: How to Save More Lives (and the American Economy)
Nobel laureate Paul Romer's model shows that if we use a test to determine who gets put into isolation, the fraction of the population...
America’s Broken Health Care System Is the Biggest Obstacle to Containing the Coronavirus
Over the past few weeks, it has become abundantly clear that the US health care system is uniquely ill-equipped to deal with a crisis...
Captured Western Governments Are Failing the Coronavirus Test
In deciding on possible countermeasures, residents of Western democracies often hear only two opposite perspectives: Is the priority to minimize the loss of human...
The Fight Against Coronavirus: What the US Can Learn from Italian Hospitals on How to Prevent a Disaster
In a Facebook post that has since become viral, Italian doctor Daniele Macchini offered a first-hand testimony from the Lombardy region, the epicenter of...
