When area hospitals have the same owner, does medical debt go up?
There are 27 million Americans who have medical debt on their credit reports right now—a drag on their pocketbooks and our health care system. Urban Institute researchers say they’ve found an interesting fact about those with medical debt: They live in communities with less healthcare competition because of common ownership. The data show that communities of color and people living in the South are disproportionately affected.
Fredric Blavin, Ph.D. and Breno Braga, Ph.D. say medical debt can intensify financial challenges, affect health care access and potentially worsen health outcomes. They report prices at monopoly hospitals are 12% higher than those in more competitive markets.
They share with hosts Mark Masselli and Margaret Flinter a variety of ways policymakers can explore unraveling the market concentration-medical debt link and we share the perspective of the American Hospital Association.
