Question: Antitrust laws and managed care have had a significant influence on market competition in the healthcare industry, yet impediments to a more competitive healthcare market
Antitrust laws and managed care have had a significant influence on market competition in the healthcare industry, yet impediments to a more competitive healthcare market persist.
In an economic analysis brief, describe the role and impact of market competition force on healthcare outcomes. Discuss key elements from at least two recent scholarly articles (choose any between 2016-2021) that address one of the following points:
- Determine the performance of the competitive market.
- Apply economic models, theories, or assumptions.
- Offer objective methods for attempting to predict future market behavior in response to events, trends, and cycles.
- Assess economic policy recommendations for healthcare stakeholders.
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