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Ohhh…. Way to hold them accountable.. “hold annual public listening sessions”. So strongly worded. I am sure it will hold their feet to the fire. (sarcasm)
I don’t know how I feel about this. When you have an Ivy league economist telling here are the bad things that will happen, and then come up with some milktoast “compromise” it seems bad.
But that said, Terra Haute is a small market far away from other major cities, and it seems very likely all the things that will happen with a monopoly are going to happen. At the same time the helath care industry (industry=companies who’s primary goal is making money) is pretty broken in the US. Competition doesn’t really work in health care. If doctors were completely interchangeable like car mechanics were, then I could see that we should have a competitive model, but they are not. It doesn’t help when locals hospitals duplicate major specialized services and capital equipment goes underutilized.
States that have strong “certificate of need” polices in place seem to have lower health care costs. The limits duplication of services and excessive building. That might have prevented somebody like IU Health from building a $4.3 BILLION campus right next to a building that is maybe 20 years old.
Also, When traditional Medicare has adds 2% overhead, and Commercial and Medicare “Supplement” plans have 12% overhead I don’t think a competitive commercial insurance market is the answer either.
Yes, Braun. We all know that consolidation and regional monopolization have historically lowered prices across all industries…/s