President Donald Trump has rescinded an executive order from the Biden administration written to promote competition in markets. Biden’s order explicitly aimed to bolster antitrust enforcement in many industries, including healthcare, and laid out an agenda to accomplish this goal. Specifically, it called out hospital consolidation in rural communities, overly inhibitive patent laws in the prescription drug market and monopoly abuses among health insurance industry leaders. The official revocation did not explain the decision, but top officials at the Department of Justice (DOJ) and Federal Trade Commission (FTC) both released statements in support of the move.
Read the full article: Trump Revokes Biden Executive Order on Competition Impacting Healthcare Markets //
Source: https://www.fiercehealthcare.com/regulatory/trump-revokes-biden-executive-order-competition-impacting-healthcare-markets