NewYork-Presbyterian CEO Addresses Rising Healthcare Costs to Congress Amid DOJ Lawsuit
Dr. Brian Donley, CEO of NewYork-Presbyterian, testified before the U.S. House Ways and Means Committee regarding the rising costs of healthcare. He attributed the increase to factors such as labor, drugs, and medical supplies rather than consolidation. The hearing follows a lawsuit by the Department of Justice accusing NewYork-Presbyterian of anti-competitive insurance practices. Donley defended the hospital's practices, stating that NewYork-Presbyterian operates in a competitive market and is working to reduce costs through telehealth and preventive programs. The hospital's rural designation, which allows for federal subsidies, was also questioned, with Donley explaining it is due to referrals from rural hospitals.