Concentration among industries such as medical supplies or pharmaceutical manufacturers can lead to near-monopoly conditions and drive up costs. (Photo: Shutterstock)
Consolidation of industries and lack of competition has been an ongoing issue for health care delivery—and a new report illustrates how some companies dominate sectors of health care that have a direct impact on costs to consumers and insurance plans.
The report, “America's Concentration Crisis,” was released by the Open Markets Institute, based on research by IBISWorld. Although most of the concern about consolidation in health care usually focuses on insurance companies or provider systems, this report outlines how industries such as medical supplies or pharmaceutical manufacturers can also be concentrated among a few names. This concentration can lead to near-monopoly conditions and drive up costs, the institute said.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
