In 1998, the prestigious teaching hospitals associated with Cornell and Columbia merged to form the New York-Presbyterian Healthcare System.

FORBES: Goal of the NYU-Continuum Hospital Mega-Merger: Raising Prices

That market power has allowed New York-Presbyterian to charge higher prices to insurers, because our employer-sponsored insurance system pressures insurers to accept whatever hospitals want to charge.

FORBES: Goal of the NYU-Continuum Hospital Mega-Merger: Raising Prices