"The lawsuit states that 'Americans deserve the benefits of vigorous competition,' arguing that the hospital system's 'anticompetitive conduct' has left families with fewer choices and higher costs."
"Due to their presence, insurers 'cannot viably do business in New York City' without including access to at least some of their facilities, according to the lawsuit."
"Those restrictions help insulate the system from 'price competition,' resulting in 'reduced choice of insurance plans, higher healthcare costs and less competition for high-quality healthcare for employers and patients.'"
The Department of Justice filed an anti-trust lawsuit against NewYork-Presbyterian Hospital, claiming it uses its market power to impose higher prices on insurers. The hospital allegedly strikes unlawful contracts that prevent patients from accessing affordable health plans. With a 30% market share in Manhattan, NYP's all-or-nothing contract demands restrict insurers' ability to negotiate, leading to fewer choices and higher costs for families. The lawsuit seeks to end these practices and restore access to budget-friendly health insurance options.
Read at New York Post
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