The 10 largest healthcare systems control 25% of the market, and these hospital systems charge higher prices than markets with healthy competition. President Biden recently signed an Executive Order that impacts price transparency and consolidation in healthcare. Marni Jameson Carey, Executive Director of AID, the Association of Independent Doctors. breaks down what that means for doctors and patients.
The Take-Away: There is a lot of work to be done in order to make the healthcare industry a healthy, productive market is fair to both patients and providers. Focusing on consolidation in the marketplace, implementing price transparency, and removing the middlemen from the equation are the steps we need to take to transform healthcare.