In downtown Jersey City, a familiar story is playing out: Independent business owners have helped foster neighborhood growth, and now, chain stores are interested in sweeping in with their own locations. What’s different in Jersey City is that the city has taken proactive steps to check this common cycle, and instead, build a model that allows for more opportunity for local entrepreneurs. … Read More
There’s a small group of powerful companies, called pharmacy benefit managers, or PBMs, that increasingly controls the prices of prescription drugs. The results of this market power include higher costs, worse outcomes for patients, and diminishing competition. A new article in the American Prospect looks at the problem and what state and federal governments should do about it, including such solutions as North Dakota’s Pharmacy Ownership Law.… Read More
The U.S. is much less a nation of entrepreneurs than it was a generation ago. In this report, which won an award for antitrust scholarship in 2017, we suggest that the decline of small businesses is owed, at least in part, to anticompetitive behavior by large, dominant corporations. The report presents three reasons to bring a commitment to fair markets for small businesses back into antitrust policy, and concludes by outlining specific steps to do just that. … Read More
In these remarks, made on a panel at an American Antitrust Institute event, ILSR’s Stacy Mitchell makes the case that the national thinking on antitrust has gone awry since the 1970s, when antitrust shifted away from its longstanding goal of maintaining robust competition to focus instead on efficiency and low prices.
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At North Dakota polls on Tuesday, local ownership was the winner. The state voted overwhelmingly to keep its forward-thinking Pharmacy Ownership Law, defeating Measure 7, the Walmart-funded effort to overturn it. Final returns came in with 59 percent of the vote in favor of the law, the Fargo Forum reports.… Read More
This Tuesday, North Dakota voters will decide the fate of the state’s Pharmacy Ownership Law. Those working against the law—namely Walmart, which has sunk more than $3 million into a front group called North Dakotans for Lower Pharmacy Prices—contend that abandoning the long-standing policy would lead to an increase in the number of pharmacies serving North Dakota. Our research suggests just the opposite.… Read More
Thanks in large part to its Pharmacy Ownership Law, North Dakota outperforms neighboring states and the U.S. as whole on every key measure of pharmacy care. For more details on the law and its impact, see our 2014 report, … Read More