How Forest Park Medical Center buckled under Obamacare

Forest Park Medical Center is a victim of the Affordable Care Act.

The hospital company’s peerless quality of care, fantastic facilities and lower prices couldn’t save it from the stranglehold of complex regulation. My firm was hired to help Forest Park handle its financial challenges, and this work has required nine bankruptcies so far. Hundreds of people have lost their jobs.

The death of Forest Park is one of the best examples of over-regulation killing business.
Every local market will soon have a tight oligopoly of providers at war with a tight oligopoly of insurance companies collectively and unwittingly conspiring to increase prices, decrease alternatives and homogenize protocols. In the North Texas market, three hospital systems (Texas Health Resources, Baylor and HCA) now control approximately 90 percent of the market, while four (soon to be three, given pending mergers) insurance companies control approximately 90 percent of the market.

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