Our health care system might be in such a mess in part because carriers are incentivized to back provider monopolies.
Barak Richman testified on Capitol Hill this week that antitrust regulators have let hospitals –including nonprofits – use mergers, acquisitions and regulatory moats to buy and crush competitors and jack up prices.
Carriers have exacerbated the situation, treating big hospitals too gently and letting them charge far higher prices than average, "textbook monopolies" would be expected to, Richman said.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
