Physician Competition: Entry and Substitution

That is the title of a Journal of Economic Literature article by Gottlieb and Nicholson (2026). Here is a Q&A summary of their article. What are the defining features of physician competition? The authors argue that competition in the physician market is a two-stage process: “First, potential physicians compete to enter medical school and then…

Competition in Health Insurance Markets

That is the title of a Journal of Economic Perspectives article by Martin Gaynor and Amanda Starc (2026). The article provides an overview of the current levels of competition in US health insurance markets, considers theoretic issues in what levels of competition are optimal, what empirical studies have found of the impact of competition and…

Private Equity in the Hospital Industry

That is the title of a recent paper by Gao, Kim, and Sevilir (2025). The authors examine 1218 hospital merger and acquisition (M&A) deals in the hospital industry between 2001 and 2008. The authors focus solely on M&A deals with for-profit entities as they argue that they want to examine whether private equity (PE) specifically…

What makes patients switch doctors?

A paper by Dillibe et al. (2025), examined primary data obtained from 555 US-based patients who reported switching providers between 2018 and 2022. To analyze these data, the authors used critical incident technique (CIT). CIT is implemented by asking participants to recall and describe specific events or behaviors that contributed to important outcomes (in this…

How does hospital participation in a Medicare Advantage preferred network impact commercial reimbursement?

How does a hospital’s participation in a health plan’s Medicare Advantage (MA) provider network impact their commercial rates? Since many insurers offer both MA plans and commercial plans, there could be spillovers with respect to negotiating. How would MA network participation impact commercial rates? Marr et al. (2025) offers some hypotheses: On the one hand,…

FTC erects additional administrative barriers to hospital mergers

Last week, the Federal Trade Commission (FTC) increased their required premerger reporting requirements for any healthcare providers such as hospitals. Healthcare Dive reports: Thursday’s update marks the first time the FTC has revised its Hart-Scott-Rodino Act premerger notification form in nearly 50 years.The law is intended to alert officials of companies’ intent to merge and…

FTC to sue PBMs over insulin pricing and rebates

From the FTC’s press release out today: Today, the Federal Trade Commission brought action against the three largest prescription drug benefit managers (PBMs)—Caremark Rx, Express Scripts (ESI), and OptumRx—and their affiliated group purchasing organizations (GPOs) for engaging in anticompetitive and unfair rebating practices that have artificially inflated the list price of insulin drugs, impaired patients’…