But when you own the care, when the insurer owns the pharmacy, owns the pbm, owns the drug manufacturer, you also own the health care cost. You own a big chunk of the health care cost. And so 100 years ago we had this type of market concentration in our banks and we did something about it when it crashed the economy and we passed the Glass Steagall Act. We should be considering that in our healthcare system. And if we believe in competition, I think we should put our votes and our legislation in alignment with that and … (04:21–04:32)
CLAIM
Asserts that market concentration in banks led to the Glass Steagall Act after an economic crash.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
