Proposed Consent Agreement In the Matter of Roaring Fork Valley Physicians I.P.A., Inc., FTC File No. 061 0172 #546725-00005

Submission Number:
546725-00005
Commenter:
robert oliver
Organization:
plastic surgery specialistrs MD-PC
State:
AL
Initiative Name:
Proposed Consent Agreement In the Matter of Roaring Fork Valley Physicians I.P.A., Inc., FTC File No. 061 0172

The actions of the FTC in this instance defy logic. It is alleging a price fixing response for not accepting artificially fixed prices set by Medicare/CMS and now index at below cost by for-profit 3rd party payers. This scenario involving private insurers (who are themselves actively involved in self-serving anti-competitive practices). What is involved is insurers piggy-backing on Medicare's bully pulpit for price fixing so as to increase their margins. No consideration is give to the hospital or provider for what it actually costs to deliver these services. The IPA in this instance should have every right to tell these carriers to take a hike with ridiculous contract offers