Posted at Hartmann Report on Mar. 17, 2024
Hospital Consolidation Kills: The Hidden History of Monopolies
Your weekly excerpt from one of my books. This week: "The Hidden History of Monopolies: How Big Business Destroyed the American Dream" .
Cindy Anderson predicted that hospital consolidation in rural Missouri would kill people. At the time, she didn't realize that her husband, Butch, would be one of its victims.
The first big wave of hospital consolidations happened in the wake of Reagan stopping enforcement of the Sherman Antitrust Act in 1983 and ran through the late 1990s. The second wave followed when the Affordable Care Act — written with plenty of input from the hospital industry — introduced more incentives to form monopolies in 2013.
Thus, while there were 1,412 hospital mergers between 1998 and 2015, 561 of them happened in just the 2010 to 2015 period.