Consolidation in healthcare is a persistent issue as mergers and acquisitions have continued at a steady clip for years, with a slew of research finding the unions lead to higher prices.
Biden’s executive order notes that lack of competition in the healthcare market can lead to price increases without improving quality of care.
“Thanks to unchecked mergers, the ten largest healthcare systems now control a quarter of the market,” the release from the White House said, citing research from Deloitte.
