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Antitrust Policy in Health Care Markets by Roger D. Blair

Antitrust Policy in Health Care Markets

by Roger D. Blair , Christine Piette Durrance , Tirza J. Angerhofer
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Book cover type: Hardcover
  • ISBN13: 9781316515204
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 530
  • Original Price: USD 167.0
  • Language: English
  • Edition: N/A
  • Item Weight: 871 grams
  • BISAC Subject(s): Public Policy / Economic Policy

Health care costs in the United States are much higher than in other countries. These cost differences can be explained in part by a lack of competition in the United States. Some markets, such as pharmaceuticals and medical equipment, have elements of monopoly. Other markets, such as health insurance, have elements of monopsony. Many other markets may be subject to collusion on prices, such as generic drugs, or wages, such as the nurse labor market. Lawful monopoly and monopsony are beyond the reach of antitrust laws, but collusion is not. When appropriate, vigorous antitrust enforcement challenging anticompetitive conduct can aid in reducing health care costs. This book addresses monopoly, monopsony, cartels of sellers and buyers, horizontal and vertical merger policy, and antitrust enforcement through private suits as well as the efforts of the antitrust Agencies. The authors demonstrate how enforcing antitrust laws can ultimately promote competition and reduce health care costs.

Angerhofer, Tirza J.: - Tirza Angerhofer is Doctoral Fellow of Economics at Duke University.

Blair, Roger D.: - Roger D. Blair is Professor of Economics at the University of Florida.

Durrance, Christine Piette: - Christine Piette Durrance is Associate Professor in the La Follette School of Public Affairs at the University of Wisconsin-Madison.

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