News Headlines Article

Health care mergers are out of control
CNN Money

Critics of President Obama think that his Affordable Care Act has the United States on the road to a single-payer health care system. Eventually, there will be one Lord of the Rings-esque, government-run insurer to rule them all.

Well, guess what? It looks like the forces of the free market are what people really need to be worried about. The health care industry is going through a massive wave of consolidation.

That is giving fewer (and much bigger) companies control over the drugs we use, the places we buy them, the hospitals we go to, and the insurers that pay for it all. We could soon be left with a Ma Bell of health care.

Pharmaceutical giants Pfizer (PFE) and Allergan (AGN) confirmed Thursday morning that they have talked about a possible merger.