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California AG Seeks More Power To Battle Merger-Hungry Health Care Chains
Route Fifty: California’s health care industry has a consolidation problem.
Independent physician practices, outpatient clinics and hospitals are merging or getting gobbled up by private equity firms or large health care systems. A single company can dominate an entire community, and in some cases, vast swaths of the state.
Such dominance can inflate prices, and consumers end up facing higher insurance premiums, more expensive outpatient services and bigger out-of-pocket costs to see specialists.
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