Question

The FTC (Federal Trade Commission) announced this week that they plan to block the sale of Englewood Hospital to Hackensack Meridian Health because the sale would give Hackensack Meridian Health a monopoly in Bergen County healthcare. The group already owns Hackensack Medical Center and Pascack Valley Medical Center. The FTC states that the transaction would reduce incentive to improve quality and increase prices due to lack of competition. (The Star-Ledger, December 4, 2020)

Should the sale be stopped?

Answer 1

Answer:

Explanation: 1. Yes, this sale must be stopped. Federal Trade Commission (FTC) has taken good decision to block the sale because if this sale deal completes it will directly affect to quality of care that provides to the patients.

2. Reduction in quality care will be a strong reason that is lack of competition of any other healthcare industry over there.

3. Sale stoppage is also important for maintaining the cost or charges of current healthcare services as it can be increase afterwards when there will be less competition for Hackensack Meridian healthcare industry.

Thank You