Regulating hospital prices based on market concentration is likely to leave high-priced hospitals unharmed

The authors thank the Peterson Center on Healthcare and Arnold Ventures for their support. Maximilian Pany received a training grant from the National Institute on Aging (Grant No. T32AG51108) and received compensation from the Brookings Institution. He serves on the board of directors of the Massachusetts Medical Society (unpaid). Michael Chernew has received research grants from Arnold Ventures, the Blue Cross Blue Shield Association, the Health Care Service Corporation, the National Institute on Aging, Ballad Health, the Commonwealth Fund, Signify Health LLC, the Agency for Research and Quality in Health Care and National Institutes of Health; received personal honoraria from MJH Life Sciences (American Journal of Public Health), Elsevier, MITER, American Economic Review, Commonwealth Fund, IDC Herzliya, Madalena Consulting, Chilmark Research, American College of Cardiology, Health (at) Scale, Blue Cross Florida Blue Shield, Medaxiom, Humana, American Medical Association, America’s Health Insurance Plans, HealthEdge, RTI Health Solutions, Emory University, Washington University, and University of Pennsylvania; holds stakes in V-BID Health (partner), Virta Health, Archway Health, Curio Wellness (board of directors) and Health (at) Scale; serves (or has served) on the advisory boards of the Congressional Budget Office (a group of health advisers), the National Institute for Health Care Management, the National Academies, AcademyHealth, the National Quality Forum, the Blue Cross Blue Shield Association and Blue Health Intelligence; is a member of the board of directors of the Health Care Cost Institute and the Massachusetts Health Connector (vice-chair); and currently chairs the Advisory Commission on Medicare Payments. Leemore Dafny has served as a consultant and litigation expert on issues in the hospital and health insurance industries and has been paid by the Center for Equitable Growth, Brookings Institution, Cornerstone Research, Analysis Group, Bates White Economic Consulting and Intermountain Healthcare. She serves on the paid boards of the Congressional Budget Office (a group of health advisers) and in unpaid advisory and editorial roles for the Commonwealth Fund, Management Science and American Economic Journal: Economic Policy. The listed outdoor activities are unrelated to the substance of this article, unless otherwise noted. All views expressed are those of the authors and not of any organization with which they are affiliated.

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