Notable Quotable: Chairman Kohl Questions Express Scripts' and Medco's Definition of Capitalism
12/6/2011 7:10 PM
"One of the main arguments, Mr. Paz, for the merger, is that, combined, you'll be able to develop more innovation and new clinical tools and strategies for cutting costs. And yet, we all know that innovation is the fruit of competition and that the more competitors, the more innovation and the better the consumer is served. You seem to be making an argument to the contrary. Have you come up with a new concept for how capitalism works?"
- Sen. Herb Kohl (D-WI), chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, at a hearing today on the proposed merger of Express Scripts and Medco. Chairman Kohl asked the question of George Paz, chairman and CEO, Express Scripts, Inc.