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Previous Volume 335:362-368 August 1, 1996 Number 5

	Since this article has no abstract, we have provided an extract of the first 100 words of the full text and any section headings.

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Hospitals, surprisingly, have emerged as a prime growth industry attractive to entrepreneurs. Seemingly, a legacy of overbuilding combined with competitive cost-cutting pressures should reduce the earnings of nonprofit and for-profit hospitals alike, making them unattractive investment candidates. Yet in the 1990s, for-profit hospital chains on a buying binge have outpaced the stock market. Conversions of nonprofit to investor-owned hospitals have accelerated, reaching a level of 58 in 1995, up from 34 in 1994.¹

This two-part article addresses the medical, ethical, and public-policy issues posed by the resurgence of for-profit chains and their acquisition of nonprofit community hospitals. The prime case . . . [Full Text of this Article]

Recent History

Ethics, Cross-Subsidies, and Markets

Columbia/HCA

Comparing For-Profit and Nonprofit Hospitals

The Market Speaks

Source Information

Co-editor, The American Prospect, 6 University Rd., Cambridge, MA 02138, where reprint requests should be addressed to Mr. Kuttner.

References

Related Letters:

Columbia/HCA and the Hospital Business
Mark J. B.D., Kaplan L. R., Burke E. L., Rahman F., McMillen M. A., Houser F. M., Kuttner R.
Extract | Full Text  
N Engl J Med 1996; 335:1920-1922, Dec 19, 1996. Correspondence

Columbia/HCA Promotes Pepsi
Hirsch R.
Extract | Full Text  
N Engl J Med 1996; 335:1927-1928, Dec 19, 1996. Correspondence

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