Crisis in the Health Care Industry

Paper Summary:

This paper examines the financial crisis surrounding health care in the United States. Lack of financial support is cited as the most common reason for rapid closure of many hospitals. This state of affairs is naturally causing a great deal of anxiety in the community as number of elderly patients has risen some 53 percent and unemployment is already a major problem of the country. This paper studies the issue closely and shows why physician hospital-organizations are being viewed as the most viable option.

From the Paper:

"Hospitals in the United States are facing numerous problems today, which are posing a huge threat to the existence of health care industry. While for some, it is close to impossible to fathom why hospitals would be faced with such a situation when number of patients is increasing every year, but the truth is that despite many advancement in technology and increase in efficiency, hospital industry is experiencing a major turmoil. There are several reasons, which can be given for present condition of hospitals in the country, but the most commonly cited reason is inadequate financial support. Some 23 hospitals were forced to close down within five years from 1995 to 2000 in the state of California alone. And some 150 more are expected to stop providing their services in the coming years unless something positive was done to improve the current state of affairs. Washington is another state where injured health care industry is desperately looking some kind of relief from government quarters."

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