Anticompetitive actions and acquisitions have the potential to stifle legitimate competition, which could result in reduced innovation in the pharmaceutical and healthcare sectors, worse working conditions, and increased healthcare costs. The Department of Justice (DOJ), the Federal Trade Commission (FTC), and the Department of Health and Human Services (HHS) are all attempting to encourage competition through regulatory and legal actions to reduce healthcare costs for families and taxpayers and enhance the quality and accessibility of healthcare for patients.

While the FTC has concentrated on providers like hospitals and physician offices, the DOJ has concentrated on the operations of health insurance companies.

The new positions are a component of the Biden White House’s ongoing initiatives to investigate health care’s “corporate greed.”

To reduce healthcare costs, the three agencies are collaborating on new projects and have issued a joint request for information to gather feedback on how Americans are being affected by private equity and other corporations’ involvement in healthcare. To the greatest extent feasible, the FTC, DOJ, and HHS will share data, and each agency will designate healthcare competition officers to assist in spearheading these initiatives.

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