May 23, 2025
On May 15, The Capitol Forum held a conference call with Jonathan Kanter, former Assistant Attorney General for the Department of Justice, and Martin Gaynor, Carnegie Mellon University professor and former Director of the Bureau of Economics at the Federal Trade Commission, to discuss their recent paper, “The Rise of Health Care Platforms.” The full transcript, which has been modified slightly for accuracy, can be found below.
TEDDY DOWNEY: Good morning, everyone. And welcome to our conference call with Jonathan Kanter and Martin Gaynor. I’m Teddy Downey, Executive Editor here at The Capitol Forum.
Jonathan Kanter is a CNBC contributor and former Assistant Attorney General for the Department of Justice’s Antitrust Division. Martin Gaynor is a Carnegie Mellon University Professor. He was previously at the Antitrust Division as well as a Special Advisor to the AG and also served as Director of Bureau of Economics at the FTC. So, thank you so much for doing this today.
MARTIN GAYNOR: Great to be here. Thank you, Teddy. Thanks for having me.
JONATHAN KANTER: Lovely to be here.
TEDDY DOWNEY: And we’ll get back to our in-person podcast, Jonathan, soon, but we’re remote today. And Jonathan and Martin recently co-authored a paper, “The Rise of Healthcare Platforms”, and that’s what we’re going to be talking about today.
Just really quickly, we already have a lot of questions in the queue, but if you have questions, please enter them into the webinar control panel or email us at editorial at thecapitolforum.com.
We’ll try to get to your questions.
So, I think first, just why did you two write this paper? Where did it come from? Why now? We’d love to just get the background on that before we delve into the details.
MARTIN GAYNOR: Well, I mean, a few things. One, of course, both of us are very, very concerned about the state of U.S. healthcare. It’s really been in a bad way for a long time. And to cut to the chase, one of the major reasons for that is lack of competition.
But what we saw, and what we’re seeing, is a relatively new phenomenon, a change, what we call the rise of healthcare platforms that is already transforming healthcare but has the potential to change it even more. And we have a lot of concern about the direction that is taking us…
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