The Influence of Competition Legislation on the Healthcare Sector
Keywords:
Healthcare, Competition, Welfare, Right to HealthAbstract
Healthcare is a fundamental necessity and an inherent right of every individual. The right to health has been recognised in various international legal documents. The healthcare sector has been acknowledged for activities that compromise competition and regulatory adherence. Thus, the Competition Act is essential in enforcing appropriate limitations. Robust competition in nursing has demonstrated efficacy as a method that improves economic efficiency. The imperative for stringent regulation to guarantee equity in the healthcare industry resulted in the implementation of the Competition Act, 2002. Competition laws comprise a framework of regulations designed to promote competition in domestic and national markets. These measures aim to avert inequitable trading practices and the misuse of monopolistic power by the market's dominant enterprise. Moreover, it removes artificial entry barriers and aims to abolish the monopolisation of assembly processes by encouraging the participation of new competitors in industries. The aims of the Competition Act, 2002 include the optimisation of consumer and producer welfare and the improvement of production efficiency.
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