Federal regulators are suing to block UnitedHealth Group’s purchase of the technology company Change Healthcare, a deal announced more than a year ago.
President Joe Biden has made competition a key pillar of his economic policy, denouncing what he calls the outsized market power of an array of industries and stressing the importance of robust competition to the economy, workers, consumers and small businesses. Biden has called on federal regulators to give greater scrutiny to big business combinations.
The American Economic Liberties Project, which advocates for stricter antitrust regulation, said the deal would allow UnitedHealth to further entrench"its monopoly power at the expense of patients, health care providers, and the resiliency of our entire health care system.” Health insurers and big employers that pay medical claims have grown more interested in monitoring claims and how patients receive care. They're doing this as they look for ways to keep patients healthier and cut down on big medical expenses.
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