A Senate Budget Committee hearing on U.S. health care costs took aim at hospital market influence.
Len Nichols, a health policy professor at George Mason University, said policymakers should acknowledge that some health plan, hospital and physician service markets aren’t very competitive.
“A lot of hospitals have more market power than the plans do,” Nichols said.
Sen. Angus King, D-Maine, also talked about addressing hospitals’ power to set prices.
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“Competition between insurers isn’t the deal,” King said. “It’s competition between providers.”
King cited the new “accountable care organizations” as examples of “health reform” that could make matters worse.