Federal Trade Commission, the Department of Justice and the Department of Health and Human Services Launch Cross-Government Inquiry on Impact of Corporate Greed in Health Care

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Summary:

The Federal Trade Commission (FTC), the Department of Justice's (DOJ) Antitrust Division, and the U.S. Department of Health and Human Services (HHS) have jointly launched a public inquiry to examine private-equity and corporate ownership in the healthcare industry. The aim is to understand how certain transactions may increase consolidation and generate profits for firms at the expense of patients' health, workers' safety, quality of care, and affordable healthcare. The agencies have issued a Request for Information (RFI) seeking public comment on transactions involving health care providers, facilities, or ancillary products or services, including those that would not be reported for antitrust review. The RFI will inform the agencies' enforcement priorities and potential regulations aimed at promoting and protecting competition in healthcare markets. The public has 60 days to submit comments at Regulations.gov.