By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating. 

Better-designed provider-level measurement can make the cost containment tools of differential reimbursement, high-performance tiered networks, valuebased benefit design, clinical re-engineering, and the responsible choices they offer more visible and effective.

With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

Real health reform is needed at both the state and federal levels. It will take a few more shovels first to bury most, if not all, of the Affordable Care Act and then to dig a way out to a market-based solution that relies on state-level policy innovation in key areas.  

On these quite intensive days for Government and the Parliament we deem it relevant and appropriate to reflect upon the issue of competition. This word has been frequently abused and idolized as the goal of any market process instead of being considered an instrument, a process regulated for the benefit...

Initiatives to expand regulation of the food industries with the overall goal of increasing competition and commodity prices farmers receive often have the unintended consequence of raising consumer prices and lowering farmers’ prices while reducing the quality and variety of food products available to consumers.

If one wishes to capture the fundamental aspect of the cultural friendship between the two economists Luigi Einaudi (1874-1961) and Wilhelm Röpke (1899-1966), it’s important to refer to what Einaudi wrote about the German economic miracle and the Röpkianan doctrine of the social market economy.Einaudi wrote that the...

Our constitutional order is becoming markedly less competitive--making government less responsive and leaving critical sectors of our society less dynamic and free. To understand the sources of this trend and its importance, we need first to understand the nature, advantages, and challenges of competition itself.