The Government Accountability Office publicly released a report September 19 entitled "Urban Hospitals: Factors Contributing to Selected Hospital Closures and Related Changes in Available Health Care Services."As noted in GAO's cover letter:"Hospitals play a critical role in delivering health care services to their communities. In 2022, nearly 30 million patients were admitted to approximately 4,500 general acute care hospitals nationally, and spending on hospital services accounted for about $1.38 trillion, nearly one-third of the $4.5 trillion in total health care spending in the U.S.[1] As of 2022, approximately half of U.S. general acute care hospitals were located in an urban area."There…
Practice Consolidation and Access to Quality Care
May 14, 2023 The New York Times reports on a growing trend among healthcare organizations in the US, the impact of which may be of concern for patients and taxpayers. The Times reported on May 8, 2023 ("Corporate Giants Buy Up Primary Care Practices at Rapid Pace") that:"CVS Health, with its sprawling pharmacy business and ownership of the major insurer Aetna, paid roughly $11 billion to buy Oak Street Health, a fast-growing chain of primary care centers that employs doctors in 21 states. And Amazon’s bold purchase of One Medical, another large doctors’ group, for nearly $4 billion, is another…