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The health care system has failed Americans, and government officials need to consider breaking up the powerful companies that have price-gouged patients and suppressed competition, the Biden administration’s top antitrust official told STAT. Jonathan Kanter, former assistant attorney general at the Department of Justice, said today’s biggest health care conglomerates — many of which are anchored by health insurers — have built “platforms” like the largest technology companies. He said those platforms have created “large moats” that allow companies to extract excessive profits from consumers and taxpayers, and create an unequal playing field for smaller doctors, pharmacists, insurers, and other parties. In this video, STAT's Bob Herman discusses these issues and more with Kanter. More from STAT: Become a subscriber: https://www.statnews.com/stat-plus/ Watch Full Episodes: / @statnews Newsletters: https://www.statnews.com/signup/ STAT events: https://www.statnews.com/stat-events/ Facebook: / statnews Twitter: / statnews Instagram: / statnews Flipboard: rb.gy/3xnsxr STAT Reports: https://rb.gy/rexfwj STAT eBooks: https://rb.gy/eme3h5 ABOUT STAT: Founded in 2015, STAT is a global digital media brand that focuses on delivering fast, deep, and tough-minded journalism about the life sciences industries to over six million monthly site visitors and an additional 20 million readers on the Apple News app. STAT takes you inside academic labs, biotech boardrooms, and political backrooms, casting a critical eye on scientific discoveries, scrutinizing corporate strategies, and chronicling the roiling battles for talent, money, and market share. With an award-winning newsroom, STAT provides indispensable insights and exclusive stories on the technologies, personalities, power brokers, and political forces driving massive changes in the life sciences industry — and a revolution in human health.