Abstract
Time to Consider a New Look at Physician-Owned Hospitals to Increase Competition in Health Care?
Highlights
Looking to competition as a strategy to help slow spending means understanding the many barriers to competition that currently exist
Whether competition effectively achieves these improvements in health care, with respect to hospital services, which remains the largest sector of spending for health care, is open to debate
The latest estimates from the Department of Health and Human Services Health Care Payment Learning and Action Network indicate that 35.8% of health care payments are tied to value-based care
Summary
Looking to competition as a strategy to help slow spending means understanding the many barriers to competition that currently exist. Time to Consider a New Look at Physician-Owned Hospitals to Increase Competition in Health Care? In most sectors of the economy, competition is regarded as the way to improve quality and efficiency, lower costs, and increase innovations.
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