Want to know why medical care is so expensive int he US, check out this video:

Steve Kroft investigates allegations from doctors that the hospital chain they worked for pressured them to admit patients regardless of their medical needs.

December 2, 2012 4:42 PM

Category: Really, really bad calls, Taxes and Policy, Video

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One Response to “Hospitals: The cost of admission”

  1. rd says:

    I saw this on 60 Minutes when it came out. Fascinating issue.

    Ultimately, if you have for-profit hospitals with outside third-party payers in an era of de-regulation, why would you expect the professional managers to view admissions any differently than the mortgage industry viewed mortgages with the MBS industry available to off-load the risk to third-party buyers?

    In the end, if your only significant measure of success is profit, then everything else can be sacrificed to maximize that.