Later On

A blog written for those whose interests more or less match mine.

The state of the US healthcare system continues to worsen

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From Matt Stoller’s Big blog:

  • Cancer patients are being denied drugs, even with doctor prescriptions and good insurance (Sacramento Bee) I haven’t discussed health care yet, but it is one of the most concentrated sectors in America. In this case, the merger of monopolistic insurance companies with monopolistic drug middlemen has led to cancer patients being refused the drugs their doctors prescribe them. America has the worst of all worlds, a centrally planned system by private unregulated financiers.
  • Republican Congressman Jim Banks Attacks Hospital Concentration: This is a very smart bill, which does two things about hospital mergers. First, it provides substantial resources for the Federal Trade Commission to go after hospital consolidation. Second, in highly concentrated hospital markets, it says hospitals must take Medicare rates. The logic here is great. If private hospital holding companies are going to use their market power to set prices, then the state will either eliminate their market power or take over the price setting itself. Banks is part of a new anti-monopoly conservative group in Congress.

Written by LeisureGuy

6 August 2019 at 6:42 pm

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