DOJ’s closing argument at Aetna trialDecember 31, 2016

Becky DavidsonDOJ tried to drive home that while the industry at hand in this case is complex, the case has a simple antitrust answer. The presumption of unlawfulness was too much for Aetna to overcome. There may be alternatives, divestitures, and regulation, but the central que…Last day of Aetna trialDecember 23, 2016|Michael DeLongThe witnesses today were Christine Hammer and Professor Aviv Nevo. Both sides summed up their arguments. Ms. Hammer stated that she was told Aetna would provide an outcome based analysis, but found no evidence of one, and that Mr. Gokhale’s efficiency numbers were…Hedge fund bros are running pharmaceutical companies. What could go wrong?December 22, 2016|Becky DavidsonOn December 21, a report was released by Senators Susan Collins and Claire McCaskill, the respective Chairman and Ranking Member of the Senate Aging Committee. The report, entitled “Sudden Price Spikes in Off-Patent Prescription Drugs: The Monopoly Business Model that…Aetna trial day 12: what you need to knowDecember 21, 2016|Michael DeLongThe witnesses were Jonathan Orszag and Christine Hammer (an independent consultant hired to evaluate the efficiencies). The defense gave Orszag plenty of time to explain why Professor Nevo’s merger analysis was wrong, while DOJ tried to discredit Orszag and point o…Aetna trial day 11: what you need to knowDecember 19, 2016|Michael DeLongThe two witnesses today were Rajiv Gokhale (Executive Vice President of Compass Lexicon LLC) and Jonathan Orszag (Senior Managing Director at Compass Lexicon LLC).Gokhale focused on the efficiencies that would result from the merger, and Orszag stressed that the me…Aetna trial day 10: what you need to knowDecember 16, 2016|Michael DeLongThe witnesses for today were Katherine Coleman (Director of the Medicare Drug & Health Plan Contract Administration Group at CMS), Kevin Counihan (Director and CEO of Marketplace at CMS), Shawn Guertin (Executive Vice President and Chief Financial Officer at Aetna)…Aetna trial day 9: what you need to knowDecember 16, 2016|Michael DeLongThe witnesses for today were Dr. J. Mario Molina (President and CEO of Molina) and Lisa Rubino (Senior Vice President for Medicare for Molina). The defense presented Molina as a major, rapidly growing company that was up to the divestiture challenge while DOJ worke…Aetna trial day 8: what you need to knowDecember 15, 2016|Michael DeLongThe witnesses for today were Mr. James Paprocki (works for Aetna), Leslie Carolina Kirk Koffman (sales manager for Humana in Kentucky), Cynthia Fulmer (works for Aetna, has responsibility for the Deep South and mid-South markets), Jeff Fernandez (Vice President of…Aetna trial day 7: what you need to knowDecember 14, 2016|Michael DeLongThe witnesses today were Professor Aviv Nevo and the first defense witness, Bruce Broussard (CEO of Humana). DOJ concluded that the merger would drastically reduce competition and lead to higher prices, and the defense began to present why the merger was a good tra…Aetna trial day 6: what you need to knowDecember 12, 2016|Michael DeLongThe witnesses for today were Aetna CEO Mark Bertolini, Steven Kelmar (Aetna’s Executive Vice President), Karen Lynch (Aetna’s President), Jonathan Mayhew (Aetna’s head of individual and public exchange business) and Professor Aviv Nevo (professor at Northwestern wh…Older Posts >Congress Bans Gag-Clauses on PharmacistsSeptember 27, 2018The Promise of BiosimilarsDecember 11, 2017United States-Mexico-Canada Agreement (USMCA)October 5, 2018Consumer Groups and Unions Submit Letter in Support of PBM Bill Lowering Drug PricesDecember 17, 2019House of Representatives Passes Bill Allowing Medicare to Negotiate For Lower Drug PricesDecember 13, 2019Panel Examines Patent Abuse and How It Contributes to Rising Drug PricesDecember 10, 2019Massachusetts Senate Passes Bill to Regulate PBMsDecember 4, 2019FTC Approves Bristol-Myers Squibb and Celgene Merger, Two FTC Commissioners Issue Strong DissentsNovember 18, 2019December 2019 (4)November 2019 (7)October 2019 (6)September 2019 (8)August 2019 (5)July 2019 (10)June 2019 (8)May 2019 (10)April 2019 (10)March 2019 (6)February 2019 (12)January 2019 (11)December 2018 (5)November 2018 (6)October 2018 (8)September 2018 (4)July 2018 (1)January 2018 (1)December 2017 (4)November 2017 (6)October 2017 (8)September 2017 (13)August 2017 (10)July 2017 (8)June 2017 (14)May 2017 (11)April 2017 (4)March 2017 (10)February 2017 (4)January 2017 (3)December 2016 (17)November 2016 (10)October 2016 (4)September 2016 (2)August 2016 (8)July 2016 (12)June 2016 (11)