price increases
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Goal of NYU-Continuum Hospital Mega-Merger: Raising Prices
On Wednesday, two big New York City hospital chains—New York University’s Langone Medical Center and Continuum Health Partners—announced that they were looking into merging into one mega-entity...There is only one reason why these two hospital chains are linking arms: to force insurers and patients to accept higher prices for their services. Read More »
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Hospital CEOs Behaving Badly And The Devastating Consequences On The Middle Class
When big health insurers propose mergers, it makes for good antitrust enforcement theater to try to block them. However, if government officials want to address anti-competitive activities that have a dramatically bigger impact, they should shift their focus to local market provider M&A activity that consistently show prices increase after the deal is done. However, the most rapacious, anti-competitive practices I’ve seen in my entire career have come from hospitals–frequently from tax-exempt “nonprofits” that would make John D. Rockefeller blush with their brutal actions. The combined impact has created a middle class economic depression that has driven populist presidential campaign success, which was highlighted in a recently released Brookings study.
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Hospital Monopolies: The Biggest Driver of Health Costs That Nobody Talks About
The debate about health-care reform, on both the Left and the Right, revolves almost entirely around changing the way we pay for health care...I agree that changing the way we buy health care is important—I once wrote a 6,400-word magazine article on the subject—but there’s an entire other side to that equation that we completely ignore: changing the way we sell health care. Read More »
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