Currently, federal antitrust laws prohibit individual health care providers from acting in concert to collectively negotiate any of the financial provisions of the contracts they sign with managed care entities. Even though the anti-trust laws were put into place to prevent concentration of market power, health insurers' power has grown out of proportion, enabling them to define physician's contracts with limited fess, covered benefits and access.
S3663 (Hannon) A4472 (Gottfried) will restore fairness in the contracting process between health care providers and large managed care plans by empowering providers, especially those in solo or independent practice, to advocate for their patients and encourage competition in the market.
Restore fairness in the contracting process between health care providers and large managed care plans - Support S3663 A4472