Study: For-profit hospitals bill bigger
Tuesday, June 8, 2004 Posted: 9:23 AM EDT (1323 GMT)
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WASHINGTON (Reuters) -- U.S. hospitals owned by investors with the aim of making money are less cost-efficient than nonprofits, Canadian researchers said.
And experts who wrote a commentary on the study said converting all investor-owned hospitals to nonprofit status could have saved $6 billion in 2001.
The report, published in Monday's issue of the Canadian Medical Association Journal, adds fuel to the debate over whether health care should follow a business model.
Dr. P.J. Devereaux and colleagues at McMaster University in Hamilton, Ontario, reviewed medical studies on hospital care in the United States, covering 350,000 patients and hundreds of hospitals.