States are taking on a more active role to spur healthcare competition and control costs, according to a Catalyst for Payment Reform (CPR) and University of California, Hastings (UC Hastings) Law study released Tuesday morning. The study stated that employers and payers can affect change as healthcare providers continue to consolidate but argued that states can implement policies that boost competition as well. Twenty states have established mandatory all-payer claims databases, the study found, while another 20 states have banned “most favored nation” contracting clauses. Researchers stated that these provisions can “prevent other health plans from entering local markets” and stifle competition as a result. The study also found that the most common approach by states to maintaining competition was to use existing antitrust statutes to block provider M&A activity.
Read the full article: States Lean on Legislation to Drive Competition, Lower Costs //
Source: https://www.healthleadersmedia.com/finance/states-lean-legislation-drive-competition-lower-costs