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Old 10-10-2018, 08:21 PM
 
18,235 posts, read 11,645,412 times
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Little by little Americans are being left with fewer choices across the board. This as federal government allows these mergers that pretty much leave many markets controlled by just a few players.


Add to this thanks to USA's nil to none existent federal laws on consumer privacy these mega mergers are creating few behemoths that have (and are basically free to do with) vast amounts of personal data.


https://www.nytimes.com/2018/10/10/h...na-merger.html
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Old 10-11-2018, 05:55 AM
 
3,454 posts, read 1,978,113 times
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A FEW players? Where?

I have one cable company choice. Oh sure i can opt for Dish network and the like. But that's satellite, NOT cable.

I have one electric and gas deliverer, and they are combined. Oh Sure i can pick a different supplier, but it's still the same company i call if the lines are downed or the gas goes out.

I have just one phone company, unless i get VOIP over the cable.

Theres no competition at all here for those things.

But yes you and im sure the artcle is correct. The govt started breaking up monopolies a while ago, now companies are merging, buying out others etc and the govt lets them do it.

Hooray for capitalism.

Hooray for lining govts pockets.


Last edited by galaxyhi; 10-11-2018 at 06:06 AM..
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Old 10-11-2018, 06:26 AM
 
Location: The Triad (NC)
26,830 posts, read 57,830,396 times
Reputation: 29215
Quote:
Originally Posted by BugsyPal View Post
...are creating few behemoths that have (and are basically free to do with) vast amounts of personal data.
Deaver wrote a novel on the topic in 2008:
https://www.jefferydeaver.com/novel/the-broken-window/
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Old 10-11-2018, 09:57 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,140 posts, read 15,198,298 times
Reputation: 10871
Do people actually buy very overpriced stuff from CVS??? I can buy a bottle of Perrier mineral-water at Walmart for about $1.50...............CVS, it is nearly 2 dollars more. Same thing with a lot of items at CVS......a store even more overpriced than Target. How do places like this stay in business............I guess it is mainly the pills that makes them the big buck$?

CVS merging, I assume prices will be going up?
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Old 10-12-2018, 09:18 AM
 
11,299 posts, read 5,834,479 times
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Quote:
Originally Posted by tickyul View Post
Do people actually buy very overpriced stuff from CVS??? I can buy a bottle of Perrier mineral-water at Walmart for about $1.50...............CVS, it is nearly 2 dollars more. Same thing with a lot of items at CVS......a store even more overpriced than Target. How do places like this stay in business............I guess it is mainly the pills that makes them the big buck$?

CVS merging, I assume prices will be going up?

CVS/Caremark is a prescription drug company that happens to operate convenience stores as part of their storefronts. If you have Aetna health insurance, you're going to be heavily penalized if you don't do 90 day Rx by mail from Caremark. The plan with CVS is to turn those convenience stores into medical walk-in. If you have Aetna health insurance, you'll pay a huge penalty if you use the ER or some random urgent care instead of seeing the nurse-practitioner at your local CVS storefront. All your well care and the usual minor things get done by CVS/Aetna employees at the CVS storefront.
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Old 10-12-2018, 05:19 PM
 
18,235 posts, read 11,645,412 times
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Quote:
Originally Posted by GeoffD View Post
CVS/Caremark is a prescription drug company that happens to operate convenience stores as part of their storefronts. If you have Aetna health insurance, you're going to be heavily penalized if you don't do 90 day Rx by mail from Caremark. The plan with CVS is to turn those convenience stores into medical walk-in. If you have Aetna health insurance, you'll pay a huge penalty if you use the ER or some random urgent care instead of seeing the nurse-practitioner at your local CVS storefront. All your well care and the usual minor things get done by CVS/Aetna employees at the CVS storefront.

Exactly!


It's all about captive audience/client base. That and the vast troves of data we all bring to table. Couple this with DT and GOP killing any sort of rules reigning in binding arbitration, gutting CFPB, and pretty much hell bent on letting big corporations do whatever they wish, and we're all in a world of trouble.


It has been over one year since the Experian hot mess; and they've largely gotten away with nothing more than being spoken to by federal government. Only reason DT/GOP are after FB, Google, and other tech firms is because they are run by (and favorites of) liberal/progressive democrats who won't do the bidding of conservatives.
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Old 10-15-2018, 07:05 AM
 
27,436 posts, read 44,934,740 times
Reputation: 14033
Quote:
Originally Posted by BugsyPal View Post
Little by little Americans are being left with fewer choices across the board. This as federal government allows these mergers that pretty much leave many markets controlled by just a few players.


Add to this thanks to USA's nil to none existent federal laws on consumer privacy these mega mergers are creating few behemoths that have (and are basically free to do with) vast amounts of personal data.


https://www.nytimes.com/2018/10/10/h...na-merger.html
Likely will push Buffett and Bezos to move quicker. into Pharma/healthcare
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Old 10-15-2018, 07:09 AM
 
27,436 posts, read 44,934,740 times
Reputation: 14033
Quote:
Originally Posted by BugsyPal View Post
Exactly!


It's all about captive audience/client base. That and the vast troves of data we all bring to table. Couple this with DT and GOP killing any sort of rules reigning in binding arbitration, gutting CFPB, and pretty much hell bent on letting big corporations do whatever they wish, and we're all in a world of trouble.


It has been over one year since the Experian hot mess; and they've largely gotten away with nothing more than being spoken to by federal government. Only reason DT/GOP are after FB, Google, and other tech firms is because they are run by (and favorites of) liberal/progressive democrats who won't do the bidding of conservatives.
One note
The new WH attorney replacing Don McGahn is the attorney who represented those suing Experian
Thought that was an interesting client for him when I read his recent bio
Wonder how that ties into representing the WH...seems contradictory to me except for the money he likely made...so transactional behavior like Trump's...
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Old 10-21-2018, 11:08 PM
 
Location: Greater Houston
4,514 posts, read 8,595,852 times
Reputation: 2086
Quote:
Originally Posted by tickyul View Post
Do people actually buy very overpriced stuff from CVS??? I can buy a bottle of Perrier mineral-water at Walmart for about $1.50...............CVS, it is nearly 2 dollars more. Same thing with a lot of items at CVS......a store even more overpriced than Target. How do places like this stay in business............I guess it is mainly the pills that makes them the big buck$?

CVS merging, I assume prices will be going up?
I moved my family's prescriptions from Walgreens and CVS to Kroger after the merger was announced. The grocery store is much closer to my house than the chain drugstores. It also sells the same items, like the bottle(s) of Perrier, cheaper than the corner pharmacies. Consolidating my purchases increases my fuel points on my Plus Card at the end of the month.

Target selling their pharmacy departments to CVS a few years ago was tame compared to the Aetna merger. Fewer choices was worse until this merger was proposed and it seems that the insurance company will cover prescriptions only at the company-owned store. Too bad the vertical merger (more dangerous) was approved, but this is a different administration. The last administration stopped the horizontal mergers of AT&T/T-Mobile and Staples-OfficeDepot.
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Old 10-22-2018, 02:49 AM
 
64,507 posts, read 66,075,955 times
Reputation: 42955
we have our part d from aetna . we can do mail order or get the same prices from cvs.

i had part d from humana and my wife had part d from aetna . i just switched to her aetna plan as the same generic prescriptions were way less. so we use humana for our supplement and aetna for part d .
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