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Post by Logan on Jun 10, 2016 3:40:42 GMT -6
State and feds say Carolinas HealthCare drove up costs by curbing competition
Patients in the Charlotte region face higher health care costs and fewer choices because of efforts by the state’s largest hospital chain to prevent competition, the U.S. Justice Department and the N.C. Attorney General’s office contend in a newly filed lawsuit. The federal antitrust lawsuit against Carolinas HealthCare System alleges the chain illegally reduces competition in the local health care market. “Pushing medical costs artificially higher and limiting choices harms North Carolina families,” said state Attorney General Roy Cooper, who is running for governor this year. “Consumers who need health care deserve accurate information and access to quality, affordable options.” Carolinas HealthCare said Thursday that it has “neither violated any law nor deviated from accepted healthcare industry practices for contracting and negotiation.” Read more here: www.charlotteobserver.com/news/local/article82726402.html The attorney general's office makes a strong case for collusion between Carolinas Healthcare System and the dominant health insurance companies in the North Carolina market. There is only a semblance of competition between CHS and the smaller hospital networks which allows them to essentially monopolize the market.
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Post by Logan on Jun 10, 2016 3:59:25 GMT -6
BCBSNC CEO: Putting the ‘affordable’ in the Affordable Care ActAcross the nation, some insurers are scaling back their offering of Affordable Care Act policies in the face of losses on this business. While some critics of the law are saying “I told you so,” I believe we need to take a more constructive tone toward making sure the ACA is in fact sustainable for the long haul. The ACA does some good things – it gives more than half a million North Carolinians access to health care. But we cannot continue on the current path of ignoring the word “affordable” in the Affordable Care Act. Simply put, the ACA is not financially sustainable without changes in the way the law is administered. Over the past two years, Blue Cross and Blue Shield of North Carolina has lost more than $400 million on our ACA business. This is largely because our ACA customers continue to be older and less healthy and use more expensive health care services than the federal government anticipated. Last year, the sickest 5 percent of our ACA population paid $108 million in premiums, including their government subsidies. We paid out a staggering $1.29 billion in claims for the same customers. Read more here: www.newsobserver.com/opinion/op-ed/article82837787.html
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