The Fund supports networks of state health policy decision makers to help identify, inspire, and inform policy leaders.
The Milbank Memorial Fund supports two state leadership programs for legislative and executive branch state government officials committed to improving population health.
The Fund identifies and shares policy ideas and analysis to advance state health leadership, strong primary care, healthy aging, and sustainable health care costs.
Keep up with news and updates from the Milbank Memorial Fund. And read the latest blogs from our thought leaders, including Fund President Christopher F. Koller.
The Fund publishes The Milbank Quarterly, as well as reports, issues briefs, and case studies on topics important to health policy leaders.
The Milbank Memorial Fund is is a foundation that works to improve population health and health equity.
October 10, 2022
Sustainable Health Care Costs
Apr 10, 2023
Mar 13, 2023
Jan 10, 2023
Back to Publications
Concern over high and rapidly rising hospital prices has increased interest in government regulation of health care prices. However, regulation of health care faces two potential weaknesses: regulatory failure (intrusive regulations that can increase an industry’s cost both directly and by reducing incentives to improve operating efficiency, pursue innovation, or address equity and disparities) and regulatory capture (regulators serving the interests of the regulated industry rather than the public interest). To investigate the threats posed by regulatory failure and capture and to identify approaches that can minimize or ameliorate the effects of these two phenomena, we conducted a review of published literature and consideration of past regulatory strategies and structural features. We found that although the dangers of regulatory failure and capture are real, they are manageable. The use of structural features that protect the independence of regulatory agencies, coupled with development of fully transparent pricing systems that are not overly complex, can help prevent or reduce the incidence of regulatory capture and failure.
This project was funded by the Commonwealth Fund.
Read the report
Get the Latest from the Milbank Memorial Fund
An endowed operating foundation that engages in nonpartisan analysis, collaboration, and communication, with an emphasis on state health policy.