Comcast To Takeover Time Warner In Quest For Monopoly As Regulators Remain Silent

By: Friday February 14, 2014 5:39 am

It was only a matter of time before one of the giant telecommunications companies went for a monopoly, we are living under corporate capitalism after all. But Comcast’s behavior has been so blatant one has to wonder how no one in the government charged with preventing monopolies has not even raised tacit objections. For now [...]

DoJ Moves to Block AT&T/T-Mobile Merger

By: Wednesday August 31, 2011 8:50 am

The Justice Department has filed an antitrust complaint, blocking the proposed merger of AT&T and T-Mobile. The U.S. government sued to block AT&T Inc. (T)’s proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market. AT&T shares fell as much as 5 percent. In the complaint [...]

HHS Rule to Use Public Shaming Approach Against Health Insurers Who Raise Rates

By: Tuesday December 21, 2010 11:09 am

Seeking to deal with a problem that seemingly fell outside the scope of the Affordable Care Act, the Obama Administration proposed new rules aimed at curbing what they consider to be “unwarranted” premium rate hikes from health insurance companies. Under the proposed regulation, which spells out the details of a key provision in the new [...]

Sanders Pounces on Olbermann Suspension as a Means to Opposing NBC-Comcast Merger

By: Monday November 8, 2010 10:24 am

This is a smart political move by Bernie Sanders to get a lot of liberals interested in what had been a back-bench issue. It’s also the right question to ask substantively. Sen. Bernie Sanders (I-Vt.) said he would look to block a merger between NBC and Comcast, citing the decision last week by MSNBC to [...]

Justice Department’s Anti-Trust Division Goes to Work on Health Insurance Industry

By: Monday October 18, 2010 12:47 pm

Considering that the insurance industry still maintains an anti-trust exemption, this is an interesting allegation from DoJ: The Justice Department alleged Monday in a lawsuit that Michigan Blue Cross Blue Shield is discouraging competition by engaging in practices that raise hospital prices, conduct an assistant attorney general vowed to challenge anywhere else it is found [...]

Amendments Update, Wall Street Reform

By: Monday May 17, 2010 10:31 am

Votes are scheduled to begin on amendments to the Wall Street reform bill tonight at 5:30 pm ET. We don’t know precisely which amendments are pending, but we do know that the McCain-Cantwell amendment to restore Glass-Steagall protections was mentioned on Thursday night as being on the list. However, those lists haven’t been totally accurate. [...]

Rating Agency, Anti-Trust Exemption Votes Today; Lincoln Protected by Senate Club

By: Thursday May 13, 2010 7:35 am

The latest report is that the Wall Street reform bill will extend into next week, with a final vote on Tuesday. Today, there are votes expected on a number of amendments, including two of note: Sen. Franken’s amendment, which has bipartisan support, to reform the credit rating agencies; and Sen. Leahy’s amendment that would, wait [...]

Health Insurance Monopolization Now Complete

By: Wednesday April 7, 2010 10:06 am

The American Medical Association, in a new report, shows that almost every single health insurance market in America is “highly concentrated”. In 24 of the states, the two largest insurers had a combined market share of 70 percent or more. Last year, 18 of 42 states had that type of market situation. Among the other [...]

Harkin Argues For Passing Reconciliation Bill Without Amendments; Hopes For Public Option Vote In Future

By: Wednesday March 24, 2010 11:29 am

On a conference call sponsored by Families USA and HCAN, Sen. Tom Harkin (D-IA) urged Democrats to pass the reconciliation bill of fixes to the health care law without any amendments or additions, so it can go directly to the President for his signature. When challenged on the likelihood of that happening, given the probability [...]

Weiner: “I’m Not Sure What We’re Doing, And I’m Pretty Tied In”

By: Wednesday February 24, 2010 1:45 pm

I just got off the phone with Anthony Weiner, who stirred things up during the debate on repealing the insurance industry’s anti-trust exemption with a pretty glorious call-out speech calling Republicans a wholly owned subsidiary of the insurance industry. During the conversation, he acknowledged that the strategy for actually passing a comprehensive health care bill [...]

House Passes Repeal of Insurance Industry Anti-Trust Exemption, 406-19

By: Wednesday February 24, 2010 1:14 pm

By an eye-popping count that shows a true commitment to bipartisanship, the House just passed a bill that would repeal the health insurance industry’s anti-trust exemption, 406-19. However, like everything in Congress, you have to read between the lines a bit. The motion to adopt the closed rule for debate showed the usual partisan tilt, [...]

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