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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-10-27T16:25:00
It’s no secret the U.S. healthcare competition system has significant flaws. Where the debate exists is in determining the source of the issues and how to fix them, according to a senior Department of Justice (DOJ) official.
Deputy Assistant Attorney General Andrew Forman of the DOJ’s Antitrust Division said in a speech delivered Thursday that while he believes antitrust enforcement is a critical part of the solution to fix the country’s healthcare competition woes, “It is not a magic potion to cure all the competitive ills of the healthcare industry.” He noted in his remarks how of the more than 3,000 comments the agency’s recent draft merger guidelines received, some of the most striking regarded personal comments around healthcare from workers in the space, patients, and companies.
“[T]here is little doubt that key aspects of competition in the healthcare industry are broken,” Forman said. “The system has real competitive problems, and these problems impact real people in real ways.”
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2023-12-18T20:48:00Z By Kyle Brasseur
A long-running initiative by the Department of Justice and Federal Trade Commission to modernize their joint merger guidelines reached its conclusion, following tens of thousands of public comments.
2023-09-21T20:38:00Z By Kyle Brasseur
The Department of Justice is gearing up to provide more guidance on voluntary self-disclosures in the mergers and acquisitions space and the role compliance should play.
2023-07-19T21:39:00Z By Kyle Brasseur
New draft merger guidance put forward by the Department of Justice and Federal Trade Commission continues the agencies’ joint mission to modernize antitrust enforcement.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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