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I am going to go out on a limb and suggest barriers to entry. You don't just get a group of skilled doctors together and say, "let's make our own hospital!" R
by bhauer 14y ago
I am going to go out on a limb and suggest barriers to entry.
You don't just get a group of skilled doctors together and say, "let's make our own hospital!"
Rent-seekers + regulation agencies = regulatory capture = barriers to entry = no competition.
- carbocation 14y agoYou essentially cannot, in the United States, get a group of doctors together to form a hospital as of the passage of Obama's healthcare reform act. (Technically, you can, but that facility cannot become Medicare certified, which is usually a death knell.) [1] [1] = http://www.ama-assn.org/amednews/2010/06/28/gvsa0628.htm http://www.ama-assn.org/amednews/2010/06/28/gvsa0628.htm