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health care competition

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Competition is a driving force in business. Respond to the following questions regarding competition and competition in the healthcare industry:

  • From an economics perspective, what is a competitive market?
  • Based on your definition and understanding of economic competition, is the healthcare industry a competitive market? Why or why not?
  • Provide one example of a recent merger or acquisition between healthcare providers, healthcare providers and insurers or pharmacy benefit providers and insurers.
  • What are the issues influencing these decisions on acquisition?
  • What is the role of the government in regulating these business transactions?