People should be told in advance how much they will be charged for medical services. So why do so many Americans get sticker shock when the bill arrives? The main problem is that US healthcare markets are highly concentrated. This limits consumer choice, as well as competition between plans and providers. Thankfully, policies to promote greater healthcare pricing transparency are garnering rare bipartisan support in Washington. The Biden administration has already embraced the Trump administration’s groundbreaking hospital and health insurance transparency initiatives. The House Energy and Commerce Committee recently passed…
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Merck sues Biden administration over Medicare drug pricing talks
Merck is suing the Department of Health and Human Services over Medicare’s new powers to reduce drug prices under the Inflation Reduction Act. In a scathing complaint filed in federal district court, Merck criticized the negotiation process as a “false” and “amounting to extortion.” Merck has asked the US District Court for the District of Columbia to prevent HHS from forcing the company into a deal that cuts prices. Jakub Porzycki | Nur picture | Getty Images Global drugmaker Merck on Tuesday sued the Biden administration over Medicare’s new powers…
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