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Grassley asks FTC to review hospitals' contracts with health plans
Modern Healthcare: Senate Judiciary Chair Charles Grassley (R-Iowa) on Wednesday asked the Federal Trade Commission to investigate major health systems' potentially anti-competitive contracts with insurers. The senator questioned whether these contracts are a driver of spiking healthcare costs.
Citing a September report from the Wall Street Journal, Grassley urged FTC Chair Joseph Simons to give the agency's perspective on whether secretive inter-industry ties are exacerbating rising healthcare costs. In 2016, healthcare accounted for nearly one-fifth of the U.S. gross domestic product, or about $3.3 trillion.
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