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Board launches market-oversight review, flags private-equity and consolidation impacts
Summary
Staff told the board that consolidation and private-equity activity can raise prices and that Washington lacks a comprehensive provider registry and ownership transparency; staff will seek stakeholder input and bring other-state examples in March.
Board staff opened a multi-month market-oversight review, emphasizing that consolidation and private-equity activity are associated in the literature with higher prices and that Washington lacks consistent ownership transparency.
Jane Beyer of the Office of the Insurance Commissioner summarized state research and a PitchBook review showing substantial private-equity activity in specialties including dental, musculoskeletal, vision, gastroenterology, dermatology and specialty…
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