Senator Lee Commends FTC’s Careful Analysis Senator Lee commended the FTC for its careful analysis and decision to approve the proposed merger between Express Scripts, Inc. and Medco Health Solutions, Inc.
BigNews.Biz - Apr 04,2012 - Senator Lee Commends FTC’s Careful Analysis
Senator Lee commended the FTC for its careful analysis and decision to approve the proposed merger between Express Scripts, Inc. and Medco Health Solutions, Inc.
“Our antitrust laws serve important purposes, but federal regulators should not interfere with productive market forces absent evidence demonstrating a significant threat to consumer welfare. Based on the evidence presented at our Antitrust Subcommittee hearing, I am convinced that although significant in size this merger does not pose a threat to robust competition. I am pleased that the FTC’s extensive investigation corroborated my view and demonstrated that this transaction is unlikely to have adverse affects on the PBM and specialty drug markets or lead to the exercise of monopsony power over retail pharmacies, and that the merger may well lead to lower prices for PBM services.”
Elected in 2010 as Utah's 16th Senator, Mike Lee has spent his career defending the basic liberties of Americans and Utahns as a tireless advocate for our founding constitutional principles.
Senator Lee acquired a deep respect for the Constitution early on. His father, Rex Lee, who served as the Solicitor General under President Ronald Reagan, would often discuss varied aspects of judicial and constitutional doctrine around the kitchen table, from Due Process to the uses of Executive Plenary Power. He attended most of his father's arguments before the U.S. Supreme Court, giving him a unique, hands-on experience and understanding of government up close.