Concentration among industriessuch as medical supplies or pharmaceutical manufacturers can leadto near-monopoly conditions and drive up costs. (Photo:Shutterstock)
Consolidation of industries and lack of competition has been anongoing issue for health care delivery—and a new report illustrateshow some companies dominate sectors of health care that have adirect impact on costs to consumers and insurance plans.
The report, “America's Concentration Crisis,” was releasedby the Open Markets Institute, based on research by IBISWorld.Although most of the concern about consolidation in health careusually focuses on insurance companies or provider systems, thisreport outlines how industries such as medical supplies orpharmaceutical manufacturers can also be concentrated among a fewnames. This concentration can lead to near-monopoly conditions anddrive up costs, the institute said.
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