"Without its unlawful contracts, NYP would need to compete more vigorously against other providers, and its rivals could compete to attract additional patients by lowering their own prices or investing in quality improvements. All employers and patients who purchase healthcare in New York City would benefit from lower prices and higher quality as the healthcare marketplace becomes more competitive."
"The Justice Department contends that NewYork-Presbyterian's contract provisions violate The Sherman Act by suppressing competition among hospitals and physician groups in New York City."
The Department of Justice has filed an antitrust lawsuit against NewYork-Presbyterian Hospital, alleging that the hospital system used restrictive payer contracts to prevent lower-cost plans from entering the market. The lawsuit claims that these contracts require insurers to include all of NewYork-Presbyterian's hospitals in their networks, limiting competition and keeping prices high. The Justice Department argues that without these contracts, the hospital would face more competition, leading to lower prices and improved quality for patients in New York City.
Read at MedCity News
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