FTC Expert Predicts 20% Price Hike From Pa. Hospitals Merger
Law360 (September 15, 2020, 5:15 PM EDT) -- A merger of two Philadelphia-area health systems could bump up some acute care hospital costs by 9% and inpatient rehab costs by as much as 20%, a government-commissioned economist testified Tuesday during the second day of a Federal Trade Commission injunction hearing.
Loren K. Smith, a principal with The Brattle Group's global antitrust and competition group, said the estimated $599 million tie-up of Thomas Jefferson University health system and Albert Einstein Healthcare network was likely to have anti-competitive effects both in Philadelphia County as well as adjacent Montgomery County.
The FTC and Commonwealth of Pennsylvania sued to block the deal in February,...
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