While consolidation and merging is good for business, it is harmful for consumers because the lack of competition drives up prices. In particular, this is damaging for healthcare as health systems, doctor groups and insurers continue to consolidate. Consolidation is increasing costs, harming patient outcomes and reducing the choices that people have for their healthcare. There is an incentive for decisionmakers to work to control the market and also set higher prices. Similar impacts may also play out in other markets such as consumer products and agriculture. Higher costs always disproportionately affect low-income families who must pay out a greater percentage of their income to secure what’s needed.
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