•Press Release Affordable Care Act Health and Social Programs Inequality United States
For Immediate Release: March 5, 2020
Contact: Karen Conner, 202-293-5380, ext. 117, [email protected]
Washington, DC — The Effects of Hospital Consolidation in Colorado, a report by Jared Gaby-Biegel, published today by the Center for Economic and Policy Research (CEPR), can easily be the stand-in for what is broken in America’s health care system. What is clear from this report is the damage done by hospital consolidation and the cascading harm that follows – to health care insurers, patients, and communities.
The report shows how hospital consolidation leads to soaring charges for services that, in turn, push insurers to either consolidate or drop out. Patients are stuck — either in a health insurance desert, or with an insurance deductible so high they can’t afford to use it. Meanwhile, hospitals have split into the have and have-nots. Urban and wealthy suburban hospitals, even so-called nonprofit hospitals, rake in the profits, while rural hospitals teeter on the edge of financial insecurity.
“The incentives of all the players in the system are pointed away from quality, accessible, and affordable health care for all,” said CEPR’s Gaby-Biegel, who researched and wrote the report. “It is obvious from this report that simply tweaking the system is not enough.”
Notable findings from The Effects of Hospital Consolidation in Colorado are: