UK Watchdog Fears 'Race To Bottom' On COVID Testing
By Nadia Dreid (September 10, 2021, 7:43 PM EDT) -- The United Kingdom's competition enforcer is worried about the market for COVID-19 testing — specifically that there will be a "race to the bottom" when it comes to the type of testing used to diagnose the novel coronavirus.
The Competition and Markets Authority said Friday that the market for polymerase chain reaction, or PCR, tests has some unique features "which mean competition alone will not deliver the right outcomes for consumers."
"Buying a PCR travel test is a lottery," CMA head Andrea Coscelli said in a statement. "From complaints about dodgy pricing practices, to unfair terms, to failure to provide tests...
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