Year: 2023
Type: article
Abstract: A recent op-ed piece in the Journal of the American Medical Association is a grim reminder of the threat of greed in our healthcare system. 1 The monetization of medicine is not a new phenomenon.Pharmaceutical and medical device companies have been profit-driven for many decades.Hospitals, however, up until the 1980s were mostly single, small institutions, whether community, doctor-owned, or charity non-profit hospitals.In the late 1980s, 12% of acute care hospitals were owned by nationwide hospital chains. 2 Today, roughly two-thirds of the nation's 5,000 hospitals are parts of chains, up from about half of hospitals 15 years ago.3 A full 20% are investor-owned.4 These mergers started with large investor-owned healthcare companies like
Source: PubMed Central
Authors: Louis Jamtgaard, Lawrence M Lewis
Institution: Washington University in St. Louis
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4383186945