Sens. Lee, Klobuchar React to Walgreens-Rite Aid Merger [UPH Wire]

*FOR IMMEDIATE RELEASE*
Wednesday, October 28, 2015

*Lee, Klobuchar React to Walgreens-Rite Aid Merger*

WASHINGTON—Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), Chairman and
Rank Member respectively of the Senate Judiciary Subcommittee on Antitrust,
Competition Policy, and Consumer Rights, issued the following statements in
response to the announced merger between Walgreens and Rite Aid.

“Our Subcommittee has long been focused on competition in the health care
sector,” Lee said. “In December 2011, we held a hearing to examine the
competitive effects of the merger between Express Scripts and Medco, two of
the largest PBMs. In 2014, we looked at competition in the contact lens
market, and last month we held a hearing to discuss the mergers between
four of the five largest national health insurers. Competition is essential
in every part of our economy, and especially so in a market as complex and
important as health care. With that in mind, we hope that the antitrust
agencies will closely scrutinize the merger of Walgreens and Rite Aid, the
second and third largest drug store chains.”

“Competition in the health care industry is essential to keeping health
care costs down for American consumers,” Klobuchar said. “I have fought
tirelessly to promote competition in the health sector and I believe the
proposed merger of two of the three largest drug store chains in the
country raises serious issues. It is critical that the proposed
Walgreens-Rite Aid merger is closely examined to ensure it does not
increase drug prices for consumers or reduce choice for pharmacy services.”

*Press Contacts*

Conn Carroll (Lee)
Conn_Carroll@lee.senate.gov
202-224-5444

Collin Milligan (Klobuchar)
Collin_Milligan@klobuchar.senate.gov
202-228-6317

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