Spring 2015, Volume 4 Number 2

In this issue:

This issue we analyze two recent highly important antitrust court decisions. The significance of N.Car. Dental is driven home by the fact that professional licensing boards regulate nearly 1/3 of the U.S. workforce. Per Herb Hovenkamp, a key question is "how much federalism" vs. "how much national competition policy." And FTC. v. St. Luke's presents two possible lessons: (i) the ACA doesn't (yet) impact antitrust analysis, and (ii) high post-merger market shares create a presumption of harm that can only be rebutted by proving a negative.

The First Critical Court Decision: North Carolina Dental
  1. Herbert Hovenkamp, Apr 27, 2015

    Rediscovering Capture: Antitrust Federalism and the North Carolina Dental Case

    The Dental case reflects greater paternalism, protecting North Carolina citizens from their own deficient governmental decisions. Herbert Hovenkamp (University of Iowa)

  2. Kenneth Field, Michael Knight, Bevin M.B. Newman, Apr 27, 2015

    Supreme Court Requires State Supervision of Professional Boards to Secure Antitrust Immunity

    As for market participants who are regulated by these boards, the Court’s novel ruling brings both potential benefits and costs. Kenneth W. Field, Michael H. Knight, & Bevin M.B. Newman (Jones Day)

  3. Austin Smith, Logan Breed, Robert Leibenluft, Apr 27, 2015

    North Carolina Board of Dental Examiners v. FTC: How States Will Respond to Improve Competition and Accountability in State Regulatory Boards

    However states choose to react, the upshot is that active market participants will no longer be able to so easily shield their actions on professional boards from federal antitrust law. Austin D. Smith, Logan M. Breed, & Robert F. Leibenluft (Hogan Lovells)

    • Bruce Sokler, Helen Kim, Apr 27, 2015

      Antitrust Scrutiny for Licensed Occupations: A Way Forward

      Industries will likely seek modifications in their state board schemes to insert sufficient “light touch” supervision to provide the necessary antitrust protection. Bruce Sokler & Helen Kim
      (Mintz Levin Cohn Ferris Glovsky & Popeo PC)

      • Jane Willis, Amy Paul, Apr 27, 2015

        North Carolina Dental: A Broad Impact on Antitrust Immunity

        In particular, the dissenting opinion notes practical problems the decision could create, including what it means to “control” the board. Jane E. Willis & Amy D. Paul (Ropes & Gray LLP)

      The Second Critical Court Decision: FTC vs. St. Luke's
      1. Kent Bernard, Apr 27, 2015

        The Affordable Care Act Efficiencies Defense in Section 7 Cases: FTC v. St. Luke’s and Antitrust Unicorns

        The prima facie case has become close to irrebuttable. Kent Bernard (Fordham University)

        • Deirdre McEvoy, Kathrina Szymborski, Apr 27, 2015

          FTC v. St. Luke’s: Is the Efficiencies Defense Dead or Alive?

          The ACA is not a “free pass” to a merger challenge. Deirdre A. McEvoy & Kathrina Szymborski (Patterson Belknap Webb & Tyler)

        • Monica Noether, Apr 27, 2015

          St. Luke’s-Saltzer: Where Does the Ninth Circuit Opinion Leave Quality-Enhancing Provider Integration in Allegedly Concentrated Markets?

          The decision runs the risk of furthering a “chicken-and-egg” problem with respect to continued progress toward the widespread development of delivery organizations that can effectively assume financial risk to deliver value-based health care. Monica Noether (Charles River Associates)


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        About the Antitrust Chronicle

        The CPI Antitrust Chronicle is published online, semi-monthly. It contains cutting-edge commentary on current global antitrust and competition policy issues.

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        Editor-in-Chief: David S. Evans

        Managing Editor: Nancy Hoch

        Senior Editor: Lindsay W. McSweeney

        Co-editor: Elisa Mariscal

        Associate Editor and Community Manager: Meara Hamidiani

        Associate Editor: Anna Tzanaki

        Office Manager: Kristen Adrian

        Sales & Marketing Analyst: María Belén De Angelis

        Editorial Advisory Board:

        Rosa Abrantes-Metz, Global Econ. Group, Stern School of Bus. at NYU

        Kent Bernard, Fordham School of Law

        Rachel Brandenburger, New York, NY

        Adrian Emch, Hogan Lovells

        Kyriakos Fountoukakos, Herbert Smith

        Jay Himes, Labaton Sucharow

        James Killick, White & Case

        Stephen Kinsella, Sidley Austin

        Ioannis Lianos, University College London

        Robert O'Donoghue, Brick Court Chambers

        Aaron Panner, Kellogg, Huber, Hansen