July 23, 2021
Breakdown of President Biden’s Executive Order on Promoting Competition
Last week, President Biden released an Executive Order (EO) that urges federal agencies to revise merger guidelines and reinforce the nation’s antitrust laws. The EO places particular emphasis on the health care sector, alleging that hospital consolidation has resulted in inhibited competition and inadequate or expensive health care options. While it is still unclear how these antitrust rules will be enforced by the Federal Trade Commission, this EO foreshadows continued efforts by the Administration to address high health care prices. The President’s EO also directs HHS to enforce hospital price transparency rules, further supporting this prediction. Read More >>>
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