Hospitals are buying up doctors’ offices – and it could have a big impact on your bill
“Hospitals have been gradually buying up smaller physician practices, driving up the cost of care for patients without always increasing the quality of care, a new report has found.
According to a new study from the National Bureau of Economic Research, there has been a steady increase in hospitals buying physician practices resulting in a decrease in competition, ultimately causing higher costs for patients. That practice involves hospital groups buying once private practices and folding the doctors and patients under their hospital’s umbrella and management.”
– Journal of Independent Medicine
