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Biden's FTC has blocked four hospital mergers and is poised to thwart more consolidation attempts - Vimarsana News

Biden's FTC has blocked four hospital mergers and is poised to thwart more consolidation attempts

The president has directed the FTC to carefully consider health industry mergers that may stymie competition and drive up prices.

Source: usf.edu
Biden's FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts - Vimarsana News

Biden's FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts

Fresh off the Federal Trade Commission's successful challenges to four hospital mergers, the Biden administration's new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.

Biden's FTC has blocked 4 hospital mergers. It's poisted to thwart more - Duluth News Tribune | News, weather, and sports from Duluth, Minnesota - Vimarsana News

Biden's FTC has blocked 4 hospital mergers. It's poisted to thwart more - Duluth News Tribune | News, weather, and sports from Duluth, Minnesota

Although hospital mergers were supposed to improve cost efficiency, experts agree that the creation of huge conglomerates and hospital networks has driven up U.S. medical costs, which are by far the highest in the world. Many enjoy near-monopoly pricing power.

Biden's FTC has blocked 4 hospital mergers. It's poisted to thwart more - Duluth News Tribune | News, weather, and sports from Duluth, Minnesota - Vimarsana News

Biden's FTC has blocked 4 hospital mergers. It's poisted to thwart more - Duluth News Tribune | News, weather, and sports from Duluth, Minnesota

Although hospital mergers were supposed to improve cost efficiency, experts agree that the creation of huge conglomerates and hospital networks has driven up U.S. medical costs, which are by far the highest in the world. Many enjoy near-monopoly pricing power.

Biden's FTC has blocked 4 hospital mergers. It's poisted to thwart more - Duluth News Tribune | News, weather, and sports from Duluth, Minnesota - Vimarsana News

Biden's FTC has blocked 4 hospital mergers. It's poisted to thwart more - Duluth News Tribune | News, weather, and sports from Duluth, Minnesota

Although hospital mergers were supposed to improve cost efficiency, experts agree that the creation of huge conglomerates and hospital networks has driven up U.S. medical costs, which are by far the highest in the world. Many enjoy near-monopoly pricing power.