Shouldn’t doctors be allowed to own hospitals?
Experts from the Department of Justice, the Federal Trade Commission , and the American Medical Association just released a paper urging Congress to peel back the Affordable Care Act’s restrictions on creating and expanding physician-owned hospitals.
Their analysis is correct. Such hospitals inject much-needed competition into the healthcare market. Consequently, repealing restrictions on them could help lower healthcare costs and expand access to healthcare.
The 2010 Affordable Care Act bans physician-owned hospitals from expanding and prevents new ones from participating in Medicare or Medicaid. Proponents of this ban argue that these hospitals are a net negative because they “cherry-pick” healthier patients and prescribe unnecessary treatments to increase their bottom lines.Read More