April 15, 2022
  • During a public listening session yesterday, health care workers and researchers stated that health care mergers and acquisitions have increased prices, stifled wages, and reduced care quality. A senior advisor for the Hospital Equity and Accountability Project noted that consolidation tends to make it harder for people of color and lower-income communities to find care in their own communities. A physician pointed out that the consolidation among the three biggest pharmacy benefit managers and insurers has reduced access to the lowest-cost drugs. The Federal Trade Commission and Justice Department held the session to gather feedback as they rework their horizontal and vertical merger guidelines. (Listening session recording here; Article here)