FTC Vote Secured by Chair Lina Khan Stops Higher Health Care Costs

February 17, 2022 Press Release

WASHINGTON, D.C. — The American Economic Liberties Project today released the following statement on FTC Chair Lina Khan securing a unanimous vote to block an anticompetitive merger that would raise health care costs:

“Allowing the two largest hospital systems in Rhode Island to form an even more powerful conglomerate would be a disaster for patients, health care workers, and communities,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “We’re glad that the FTC is stepping in to block this anticompetitive merger that would raise health care costs and we urge Lifespan and Care New England to call off this ill-fated deal.”

The 4-0 FTC vote to block the Lifespan – Care New England Health System merger follows recent high-profile unanimous votes, including the vote that led to this week’s withdrawal of the Lockheed Martin-Aerojet merger, in addition to the unanimous vote to block the $40 billion NVIDIA-Arm semiconductor chip merger and the unanimous vote to restore the Right to Repair.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.