What might a consequence of higher health care costs due to corporate mergers be?

Study for the Economics of Health Care Test. Master key concepts through flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

Higher health care costs resulting from corporate mergers can lead to reduced access to care for some patients. When companies merge, there may be a consolidation of resources and services, which often results in fewer providers available in the market. This can create situations where the remaining providers have less incentive to maintain accessible services, particularly if they are now operating in a less competitive environment.

Additionally, higher costs associated with merged entities can lead insurance companies to raise premiums, making it financially burdensome for certain patients to afford necessary care. Those with lower income or without adequate insurance may find it increasingly difficult to access health services as a result of both higher prices and potentially fewer choices in providers. Therefore, while larger entities may claim to streamline service and improve quality, the actual outcome can often lead to barriers in accessing care for vulnerable populations.

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