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Article: Provider mergers pushing up prices: HMO. (HealthPartners President and CEO George Halvorson)(American Association of Health Plans)
- Article from:
- Business Insurance
- Article date:
- July 6, 1998
- Author:
CopyrightCOPYRIGHT 1998 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON - Mergers by health care provider organizations are quietly running rampant in health care markets across the country, forcing up prices and putting unprecedented pressure on HMOs, a managed care executive says.
George Halvorson, president and chief executive officer of Minneapolis-based HealthPartners, told an audience at the American Assn. of Health Plans conference June 14-17 in Boston that the health care industry has observed health maintenance organizations consolidate en masse in the past couple of years without noticing that providers are taking more control of their markets by doing the same.
"The provider consolidations that are happening in ...