Healthcare service prices are the main driver of Connecticut’s rising health insurance premiums. The consolidation of hospitals and providers into large health systems has stifled competition, allowing prices to rise unchecked. Other states have taken action to protect competition in consolidated markets and it’s working. Connecticut needs to act.
Private equity funds are buying critical community healthcare facilities, usually without oversight or regulation. Those purchases often end in reduced access to care, increased debt, lower quality, and higher prices to generate profits. Connecticut needs to follow other states and protect the health of communities.
Two new briefs outline options for Connecticut policymakers to control healthcare prices by improving competition in our state and to protect critical healthcare assets from private equity exploitation.
An updated Resource List includes links to a legislative forum with experts outlining the concerns, research, and legislative language for policymakers.