The Purchaser Business Group on Health (PBGH) issued a brief urging the new Congress and Trump Administration to initiate policy changes that tackle healthcare affordability and access to high-quality care. With rising healthcare costs harming wages and investment, PBGH advocates for accountability in healthcare practices and transparency in pricing. The organization emphasizes the need for legislative actions to disrupt the current market consolidation and its adverse effects on employers and families, calling for reforms in pharmacy benefits and billing transparency.
We welcome the new Congress and Administration's willingness to disrupt an industry that has become increasingly consolidated, unresponsive and dysfunctional.
The current system does not work for employers, families or most health care providers and the industry has demonstrated it will not reform itself to deliver high quality care.
Rising healthcare costs have become a major challenge for employers, negatively affecting wages, job growth and business investment.
PBGH argues that these costs have largely been caused by the 'market power that hospitals, health systems and health plans have gained through consolidation.'
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