Making health care markets work: Competition policy for health care
[author-bio] The U.S. health care system does not work as well as it could, or should. Prices are high and rising,1 there are serious quality problems,2 and many characterize the system as rigid and unresponsive, lacking dynamism and innovation.3 A lack of competition is a major contributor to this dysfunction. In some cases, markets lack … Continue reading Making health care markets work: Competition policy for health care
Making health care markets work: competition policy for health care
Many studies have examined trends towards increasing consolidation of physician practices and hospitals in the US healthcare system and the negative effects of decreased competition on the quality of patient care and health care costs. Since 2010, there have been 561 hospital mergers, and nearly half of hospital markets are highly concentrated.3 Independent physician practice … Continue reading Making health care markets work: competition policy for health care