Apparently, the building of doctor-owned hospitals is banned, and the expansion of them is heavily regulated. So in the name of reducing overhead and reducing healthcare costs, the government has decided to require increased overhead and to create yet another barrier to entry. Government also prohibits them from receiving Medicare and Medicaid patients--how nice if you're on that program, and a doctor owned facility is the only one within an hour of your home that does what you need done.
The article is a fascinating illustration of the theory of rent-seeking, and unfortunately, it appears that the American Hospital Association has been successful in getting their rent.
Breaking Good - 50-year-old Walter White was having a mid-life crisis: His wife was pregnant, his teenage son has Cerebral Palsy; and, as an under-achieving educational pr...
6 hours ago