As part of a broad strategy of enlisting market forces to restrain the growth in health care costs, U.S. regulators have adapted antitrust law, developed for the industrial economy of the nineteenth century, to the modern health care system, with little evidence that consumers in fact benefit. This study, based primarily on evidence from the late 1990s, examines the results of this strategy in terms of both economic theory and empirical research on the impact of the profit motive on the health care. In their myopic view of for- profit managed care organizations as proxies for consumer ...
As part of a broad strategy of enlisting market forces to restrain the growth in health care costs, U.S. regulators have adapted antitrust law, deve...
