Well-functioning health care markets rely on competition to lower prices, spur innovation, drive efficiency, and improve quality. However, increasing levels of consolidation and vertical integration among both health care providers and health care payers, coupled with the rising influence of private equity in health care, is undermining competition and contributing to higher health care prices.
This comment letter submitted on behalf of the Center for American Progress outlines the effects of health care consolidation, provides examples of notable transactions, and offers recommendations for federal action to protect competition in health care markets.
Click here to read CAP’s comment letter.