It’s competition. That’s no surprise to you, but unfortunately, competition is sorely lacking in today’s health care market — especially here in Texas. A market analysis by Texas 2036 revealed that our state has the highest percentage of its population in highly concentrated markets.
In this month’s newsletter, we look at how this lack of competition is impacting employers, employees, and the economy more broadly — and what we, as employers, can do to help put things back on track.
“The American public doesn’t understand that consolidated healthcare systems are charging prices that earn them extraordinary profits, which raises the costs of employer-provided health insurance. That’s why so many Americans have to rely on Obamacare or Medicaid for health insurance, or go without coverage at all.”
Dr. Vivian Ho
TXEAHC Advisory Board Member
Forbes: Do You Care About General Inflation? Why Healthcare Inflation Matters, Too
“If we’re serious about tackling general inflation, we need to stop treating healthcare as a policy silo and start seeing it for what it truly is: the largest and most durable source of inflation in the U.S. economy.”
EBN: Support builds for employers’ healthcare rescue role
“By pooling resources and influence, members can better navigate through and negotiate within the complex insurance marketplace. This sort of networked strength also helps build a united front for messaging and goals for employers to work toward in healthcare pricing.”
MHE: Competition is Key to Healthcare System Stability for Employers
“We believe that if there is more competition between providers, that can lead to more efficiencies. This idea to use competition to drive efficiencies is a very powerful one, and I don’t think we’ve seen enough of that on the health policy side.”
US News: Want to Lower the Price of Eggs? Start with Health Care Costs
“Inflation in America is in part a health care affordability crisis in disguise. If we want to bring down the costs of goods and services, we can start with reforming the health care system that drives up costs across the economy.”
ICYMI: Legislative Discussion With
Texas Rep. James Frank
