Hospital prices have more than tripled since 2000, rising over twice as fast as overall inflation. A new White House Council of Economic Advisers report helps explain why. Dominant hospital systems have quietly insulated themselves from competition through restrictive contract terms.
The three practices are known as anti-steering, anti-tiering, and “all-or-nothing” contracting. They limit insurers‘ ability to encourage patients to choose lower-cost providers or build health plans that reward value.
