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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.

Go deeper

Colin Powell, former secretary of state, dies from COVID complications at 84

Photo: Paul Morigi/Getty Images for Capital Concerts

Colin Powell, the first Black U.S. Secretary of State, died from complications of the coronavirus, his family announced Monday. He was 84.

What they're saying: "He was fully vaccinated," the Powell family said. "We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment."

Mike Allen, author of AM
3 hours ago - Politics & Policy

GOP senator calls for senility test for aging leaders

Photo: "Axios on HBO"

Sen. Bill Cassidy (R-La.), a physician, told me during an "Axios on HBO" interview that he favors cognition tests for aging leaders of all three branches of government.

Why it matters: Wisdom comes with age. But science also shows that we lose something. And much of the world is now run by old people — including President Biden, 78 ... Speaker Pelosi, 81 ...  Senate Majority Leader Chuck Schumer, 70 ... and Senate Minority Leader Mitch McConnell, 79.

Ina Fried, author of Login
3 hours ago - Technology

Intel CEO blames predecessors for manufacturing woes

Axios on HBO

When it comes to Intel's recent manufacturing problems, Intel CEO Pat Gelsinger places the blame squarely on his predecessors — many of whom he notes were not engineers deeply steeped in chip technology, as he is.

Why it matters: Gelsinger has announced a broad plan to reinvigorate Intel by doubling down on manufacturing. However, the strategy depends on the venerable semiconductor giant recovering from recent stumbles.