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Most hospital markets are highly concentrated

Intermountain hospital building with a sign.
Salt Lake City, where Intermountain is based, is highly concentrated. Photo: George Frey/Getty Images

Almost three-quarters of metropolitan areas had highly concentrated hospital markets in 2016, reflecting an era of rapid consolidation among hospital systems, according to a report from the Health Care Cost Institute.

Why it matters: The more hospitals that have monopolies or oligopolies in their markets, the higher the prices are for patients, which is reflected in the premiums everyone pays.