The Biden administration really doesn’t like consolidation in the health insurance industry. The administration should blame Obamacare.
When it comes to forces driving more business into the hands of fewer and fewer insurers, the 2010 Affordable Care Act isn’t the whole story, but it’s a pretty big freaking deal.
Biden’s Justice Department is investigating UnitedHealthcare for antitrust violations. The Wall Street Journal reports: “Investigators have asked about issues including certain relationships between the company’s UnitedHealthcare insurance unit and its Optum health-services arm, which owns physician groups, among other assets.”
But health-sector consolidation was nearly the point of Obamacare. The authors of the bill themselves admitted the law would “unleash forces that favor integration across the continuum of care.”
“No part of health care was supposed to
Read more…
