The Health Care Price Crisis Needs Policy Solutions
AJMC December 6, 2024
This commentary, part of the Price Crisis campaign, calls for state and federal policy interventions that are needed to rebalance the market to enhance competition and provide value in health care.
Am J Manag Care. 2024;30(12):In Press
Takeaway Points
- Employer-sponsored health insurance premiums for families increased from $8500 in 2002 to $25,000 in 2024, placing a growing financial burden on employers and individuals.
- Hospital mergers result in increased service prices, often reducing wages and employment outside the health sector. Enforcement of antitrust actions against these mergers has been limited.
- Small and midsize businesses face significant challenges in providing health insurance due to high costs. Only 47% of small businesses with fewer than 50 employees offer health benefits, as costs...