FTC in Health Care Administration
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As a future health care professional, in your opinion, what is the role of the Federal Trade Commission (FTC) in healthcare administration? Discuss any antitrust activities that the FTC has faced in the last five (5) years.
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Solution Summary
This solution discusses the role of the Federal Trade Commission in healthcare administration. It also discusses antitrust activities that the FTC has faced in the last 5 years. The explanation is given in 418 words.
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Following is a discussion on the role of the FTC in health care administration and the antitrust activities the FTC has undertaken.
The Federal Trade Commission (FTC) is responsible for stopping organizations from engaging in activities that are harmful to competition. Competition is important in the healthcare industry because it controls costs, improves quality, and encourages new and innovative products and services. The FTC also gives guidance to physicians and other health care professionals on how to comply with antitrust law.
In order to promote healthy competition in the health care industry, the FTC researches and reports on competition. Some of the ...
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