WASHINGTON – Sen. Mike Lee (R-UT) chaired a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing today, examining the impact of recent health insurance company mergers on consumers.
“While vibrant competition in every industry is important to our economy, consumers and policy makers pay special attention when healthcare is involved,” Lee said in his opening statement.
“While the final determination regarding the competitive impact of the deals will be made by the Department of Justice, I believe we can make valuable contributions to the conversation today by closely examining any concerns they raise and by looking at what other forces or market realities may be driving consolidation in the health insurance industry,” Lee concluded.
Lee’s entire opening statement is below:
Witness’s prepared remarks are also available upon request.