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The Unchecked Market Power of the American Health Care System

WEBIn May 2003, the late Princeton health economist Ewe Reinhardt and colleagues published a frequently-cited paper titled “It’s the Prices, Stupid: Why the …

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URL: https://www.promarket.org/2021/08/18/unchecked-market-power-american-health-care-system-high-prices/

Invigorating Competition in Health Care: Is Rate Regulation Needed

WEBInconsistent Merger Law Enforcement: As a general matter, the Clayton Act’s goal of “arresting mergers at a time when the trend to lessening competition is in its …

Category: Health Go Health

Decades of Consolidation Have Led to a Dysfunctional Health Care …

WEBConsolidation. There has been a tremendous amount of consolidation in the health care industry over the last 20 years. A recent paper by Brent D. Fulton …

Category: Health Go Health

Rethinking How To Achieve Universal Health Care Coverage in the …

WEBSolutions to expanding heath care coverage in the U.S. are often incremental and focus on mitigating market failures. In new research, Katherine Baicker, Amitabh …

Category: Health Go Health

Who Bears the Cost of Administrative Problems in Health Care

WEBA new paper explores the resources consumed by the complicated billing process in health care and the process’ impact on patients’ access to care. Health …

Category: Health Go Health

The Hidden Costs of Data-Driven Mergers in Health …

WEBOpening the Black Box: The Hidden Costs of Data-Driven Mergers in Health Care. Image by Mike Mozart, via Flickr [CC BY 2.0] Vertical data-driven mergers between health insurers and drug …

Category: Health Go Health

Challenges to Sound Global Governance for Health

WEBIn an excerpt from his new book, Global Health Security: A Blueprint for the Future, Lawrence O. Gostin examines the challenges and threats to global health …

Category: Health Go Health

The Amazon of Health Care: How CVS Is Evolving From a Drug

WEBA health insurer often doesn’t have the expertise to manage the complex undertaking of managing the flow of drugs to patients and money to pay for them among …

Category: Health Go Health

Lowering the Barriers to Entry for Economics Research in Healthcare

WEBThe fourth chapter, by Jonathan Kolstad and Robert Town, addresses the connection between “Behavioral Health Economics and Competition Policy.” The …

Category: Health Go Health

How the FTC Protected the Market Power of Pharmacy Benefit …

WEBPharmacy Benefit Managers (PBMs) were established in the 1960s to control drug costs but have since morphed into one of the most highly concentrated …

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"The Way Insurance Companies Have Rigged Our Health Care

WEBAuthor and former health insurance executive Wendell Potter explains to ProMarket why the employer-based health care system in the US is “collapsing” and …

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How Medical Licensing Drives Up Health Care Prices

WEBPre-tax earnings for US primary care physicians averaged $186,600 (in 2008 dollars)—or 54 percent higher than the average of $121,200 for the other five countries. …

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Healthcare Companies Spent More on Lobbying Than Any Other

WEBHealth companies spent nearly $690 million on lobbying federally, which was $175 million more than the 2nd place category. Within the industry, the largest lobbying …

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America’s Broken Health Care System Is the Biggest

WEBAnd while the testing is free, the treatment isn’t (as the health insurance industry’s trade group clarified in response to Trump’s erroneous claim that insurers …

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The True Price of Reduced Competition in Health Care: Hospital

WEBThe history of health care antitrust is rife with failures when it comes to hospital mergers. Until the 1980s, hospitals were largely exempt from antitrust lawsuits, …

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Hospital Mergers: The Forgotten Problem of American Health Care

WEBThe hospital sector is the largest contributor to health spending in the US: it accounts for 33 percent of total health spending, 1.143 billion dollars per year, or 6 …

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The Big Fail: An Interview with Bethany McLean

WEBBethany McLean, who helped uncover the Enron scandal, has released a new book, The Big Fail, co-authored with fellow veteran journalist Joe Nocera. The new …

Category: Health Go Health

Event Notes: Whose Business is Health

WEBThe health consequences of these products and services are based on their impact on five behaviors: eating, sleeping, physical activity, social engagement, and …

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Managing the Covid-19 Pandemic: Good Health Policy Is Good

WEBThe Covid-19 pandemic, with its dual manifestations of urgent threats to our physical health and devastating economic effects, has made clear that this is one crisis …

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The Covid-19 Pandemic Should Not Delay Actions to Prevent

WEBHealth Care Markets a Decade After the ACA. Over the past decade, health care markets have increased substantially in size. Per-capita health care spending in …

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Could the Steward Health v. BCBS Trial Revitalize Monopolization …

WEBIt’s nearly unheard of for a monopolization case to go to trial, but the Steward Health v.Blue Cross & Blue Shield of Rhode Island case is doing just that—and may …

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