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  • Health care cronyism is fueling hospital consolidation and rising medical costs
    Health Care

    Health care cronyism is fueling hospital consolidation and rising medical costs

    February 15, 2023 /

    Wellbeing treatment consolidation is a difficulty. Large hospital conglomerates are increasing, acquiring lesser hospitals and unbiased clinics. This is not industry- or patient-driven consolidation. It isn’t bottom-up emergence of economies of scale. This is governing administration regulation placing a finger on the scale and supplying much larger institutions an unfair advantage over their competitors. It is cronyism for tax-exempt devices that already rake in large revenues. Ninety percent of metropolitan statistical areas are considered hugely concentrated by antitrust requirements. With this kind of monopoly energy, hospital systems achieve bargaining leverage in excess of payors. They can raise prices without boosts in excellent. The increased cost to non-public insurers is handed on to patients via greater rates.…

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    James Eaton Comments Off on Health care cronyism is fueling hospital consolidation and rising medical costs

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