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A monopoly is a market where one company faces so little competition that it sets prices without consequence. Texas Democratic Senate candidate James Talarico says American healthcare is that market.
He unveiled a plan with entrepreneur Mark Cuban to break up what he calls the industry's monopolies, with lower costs as the stated goal.
Concentrated ownership, in Talarico's telling, is the mechanism that keeps healthcare expensive. When dominant providers control a market, patients have limited alternatives and little power to negotiate prices.
Talarico's plan targets the concentration itself. Cuban's involvement is the detail that sets this proposal apart from standard campaign fare. Talarico is a Democrat running statewide in Texas.
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