Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., is drafting the proposal, according to the report. Here are five quick takeaways for healthcare leaders, based on the Bloomberg review of the draft bill:
1. Mergers that involve a company with annual revenues of $40 billion or more will be banned.
2. Mergers that involve companies with combined sales over $15 billion will be banned.
3. Some exceptions to this ban will include companies at risk of bankruptcy.
4. The legislation would also consider the effect a transaction would have on entrepreneurs, innovation, privacy and workers, banning, for example, noncompete and no-poaching agreements.
5. Bloomberg writes that the law will likely face significant hurdles in Congress.
Read more here.
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