How Hospital Mergers Drive Up Prices for Consumers

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 April 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 24. A new study found that hospital mergers drive up healthcare costs. The Wall Street Journal’s Melanie Evans discusses how consumers are paying the price. And McKinsey is under criminal investigation for opioid-related consulting services. Plus, major business groups are suing to block a new federal rule banning employee noncompete agreements. Sabrina Siddiqui hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.5	slash Wall Street.
0:17.5	U.S. business group sue to stop the Federal Trade Commission from banning employee non-compete agreements.
0:27.0	And the consulting firm McKinsey is under criminal investigation over its past role advising opioid manufacturers.
0:33.0	Plus, a study finds that hospital mergers often lead to higher prices
0:37.0	and its consumers who bear the extra cost.
0:40.0	Hospitals and insurance companies negotiate over prices and what this suggests is that when
0:45.2	hospitals show up the bargaining table after a merger they just have more leverage in those negotiations.
0:51.3	It's Wednesday, April 24th. I'm Sabrina Siddiqui for the Wall Street Journal
0:55.0	filling in for Anne-Marie Fertoli. This is the PM edition of What's News, the top headlines
0:59.7	and business stories that move the world today. The United States' biggest business lobbying group and a national tax services firm both sued the Federal Trade Commission today,
1:15.5	igniting a flare of lawsuits over the agency's regulation aimed at ending non-compete agreements.
1:20.9	The U.S. Chamber of Commerce challenged the regulation in federal court in East Texas, while the tax
1:25.8	firm Ryan LLC filed its lawsuit in Dallas.
1:29.0	Other business groups joined the chamber's suit, including the business roundtable,
1:32.2	which represents chief executive
1:33.5	officers from some of the country's biggest employers.
1:36.7	As we reported yesterday, the FTC rule prohibits companies from enforcing existing
1:40.6	non-compete agreements on anyone other than senior executives.
1:44.0	Businesses that use them say they are an effective way to protect their intellectual property,
	...

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