New York: Competition Would Fix the State's Chaotic Health Care Market

By Alain C. Enthoven and Simeon Schindelman

Throughout New York, competition is fierce. Companies constantly innovate and evolve to attract customers and beat out rivals. This drives prices down and service quality up.

One industry, however, operates largely free from competition: health care. The skyrocketing costs and fragmentation that define the industry in New York, the tristate area and across the nation have come to be accepted as unavoidable.

Although industry experts and top executives at corporations including Amazon and CVS have devoted endless resources to finding a solution, none will succeed until we disrupt the traditional medical network model by intensifying competition among providers and rewarding the best performers on cost and quality.

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Source: CRAIN'S NEW YORK BUSINESS (via Empire Report New York)