The Biden administration Thursday announced five new measures that seek to lower health care costs by promoting competition. Reducing health care prices is one of President Joe Biden’s key platforms as he seeks to build momentum in the 2024 presidential campaign. The measures announced Thursday, which are largely incremental, seek to counter the power and practices of big health care companies. Ensuring competitionThe Biden administration also unveiled several efforts aimed at countering anticompetitive practices by big health care companies. Some are aimed at private equity firms, which have been buying up physician practices, nursing homes and other health care providers.

Source: CNN December 08, 2023 01:31 UTC