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First, let me say I'm glad the FTC is going after monopolies. True capitalism requires competition, not massive corporations. That said, I feel like going afte
by matthest 1y ago
First, let me say I'm glad the FTC is going after monopolies. True capitalism requires competition, not massive corporations.
That said, I feel like going after Big Tech is a massive misuse of resources. Not because it's not a monopoly (it is), but because there's a far more important monopoly that should be broken up: healthcare insurance.
Something like 7 corporations dominate 70% of the healthcare insurance market. The AMA had a study last year that concluded these insurance companies are charging monopoly pricing.
This is why Americans are paying astronomical prices for healthcare.
This is IMO by far the most pressing issue. Yet the FTC is seemingly spending all its time going after Big Tech, which has a comparatively lower impact on the quality of everyday Americans' lives.
- smj-edison 1y agoOr Visa and MasterCard...
- BlueTemplar 1y agohttps://www.euronews.com/my-europe/2025/04/16/is-the-eu-banning-american-credit-cards https://www.euronews.com/my-europe/2025/04/16/is-the-eu-bann... (But talk is cheap.)
- fallingknife 1y agoI don't really see how that's possible. They are prevented by law from charging more than 25% on top of what they pay out to medical providers. The problem is the providers who are represented by the AMA.
- matthest 1y agohttps://acdis.org/articles/news-ama-report-details-health-insurers%E2%80%99-monopolies-us-market https://acdis.org/articles/news-ama-report-details-health-in...
- fallingknife 1y agoThis relies entirely on market concentration and doesn't even bother to address the legal cap on premiums enacted in the ACA. I expected it to be trash because it is written by people who have every incentive to try to blame insurance companies and I was correct.
- liveoneggs 1y agohealth insurance is a legally-sanctioned cartel that should be eliminated entirely
- Nemo_bis 1y agoThe FTC had started many cases on the healthcare front. https://www.ftc.gov/news-events/news/press-releases/2023/12/ftc-doj-hhs-work-lower-health-care-drug-costs-promote-competition-benefit-patients-health-care https://www.ftc.gov/news-events/news/press-releases/2023/12/... If you want to see more, get Lina Khan to be chair again!