EO Targeting Consumer Costs

[Lost_in_the_HTTP]

"Biden's action also seeks to increase competition, make Internet broadband service more affordable and stimulate innovation and competition among tech companies.


"[A] lack of competition drives up prices for consumers. As fewer large players have controlled more of the market, mark-ups (charges over cost) have tripled," the White House said. "Families are paying higher prices for necessities -- things like prescription drugs, hearing aids, and Internet service.


"Inadequate competition holds back economic growth and innovation.""

President Joe Biden signs order aimed at improving economy, cutting consumer costs - UPI.com

President Joe Biden signed an executive order Friday that's intended to promote fairer business competition in the United States -- and includes more than 70 different initiatives across a number of economic sectors.

www.upi.com

Might be a start if the Courts don't mess it up.

 

[nakedfrog]

Huh, interesting.

Bolstering hospital price transparency rules and finish federal legislation to address surprise hospital billing.

This one could be nice. Not sure exactly what it means, but I'm thinking of a hospital visit a few years ago where I'd already set up a billing plan for all the bills a couple months after the date of service, and then six months later another bill showed up for another few hundred dollars. And for some asinine reason they couldn't just merge that bill (from the same hospital) into my existing payment plan.