Question

Analyze the Sherman Antitrust Act, named for its author Senator John Sherman of Ohio and evaluate one of the following areas of concern in healthcare organizations: reduced market competition, price fixing, actions that bar or limit new entrants to the field, preferred provider arrangements, or exclusive contracts. Rationalize your answer by using applicable legal precedents.

Answer 1

The Sherman Antitrust Act is a law that stop certain business activities that seems to be anticompetitive and require the federal government to look into the Persue trust . The goal of Antitrust Act was improving consumer welfare by protecting competition by Lower cost , better quality care and more positive results in health care aspects .

Competition in health care sector benefits consumers because it helps to reduce cost , improve quality, expand choice and encourage new technologies.

Competition is supported to be good for health care but unfortunately the insurance companies doesn’t look for the health of its customers , but they were looking for the profit . They competed with each other avoiding caring for the patients and treating their illnesses.