Monday, November 17, 2008
Posted by D. Daniel Sokol
We have a copy of the Section 5 of the FTC Act testimony of David Balto, Senior Fellow, Center for American Progress.
ABSTRACT: The Congress that enacted the FTC Act created Section 5 to enable the FTC to utilize its expertise to challenge practices that were not technical antitrust violations. The FTC should begin to use those powers in a careful and prudent fashion, bringing enforcement actions that will bring significant benefits to consumers. The FTC should start by addressing conduct involving PBMs, GPOs, and health insurers.