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Competitive Markets in Health Care: The Next Revolution

Over the course of the past several decades, federal and state lawmakers have proposed a variety of initiatives to reform America’s health care system and reduce costs. One idea has been to instill competition in the health care markets to enable the industry to operate more like a traditional market. ....

United States , Rexford Santerre , Kavita Nair , Mitch Daniels , Jean Abraham , Rachel Werner , Roger Feldman , Marguerite Burns , Yi Xu , James Price , Joseph Antos , Amanda Starc , Richard Ettenson , Bianca Frogner , Bijan Borah , Douglas Elmendorf , Dennis Kodner , Adam Atherly , Joseph Newhouse , Judy Chen , Bryan Dowd , Walton Francis , Laurie Bates , Austin Frakt , Mona Shah , Vahram Ghuschyan ,

How Congress Can Help to Reverse Hospital Market Consolidation

America’s hospital markets are consolidated, with a relatively small number of hospital systems dominating a large share of the market in any given geographical area. The right remedy for such a concentration of economic power is free-market competition, but competition in this sector of the economy is weak. The absence of strong competition increases consumer costs, decreases consumer choice, weakens provider incentives for innovation, and thus threatens the cost-effective delivery of medical care. ....

United States , United Kingdom , District Of Columbia , Emily Gee , Donald Trump , Brent Fulton , Barack Obama , James Baily , University Of California , Mercatus Institute At George Mason University , Mercatus Center At George Mason University , Centers For Medicare , How Congress Can Promote Competition In Hospital , Medicaid Services , Congress On Medicare , Journal Of The American College Surgery , Health Care Cost Institute , Department Of Justice , Trump Administration , Health Policy Consensus Group , School Of Public Health , Medicare Payment Advisory Commission , American Medical Association , Us Supreme Court , Brookings Institution , Journal Of Health Care ,