ALBANY With the purchase of Palmyra Park Hospital by Phoebe Hospital, Phoebe becomes a monopoly. Without competition to regulate prices, how will the public be served by this medical monopoly?
Will it come under the Public Service Commission that will allow it to make a reasonable return on its investment or, it being nonprofit, will the public be assured there is no profit?
In the past, Phoebe has been allowed to purchase real estate and show the cost as an expense instead of a capital investment. If there is no control over this procedure, it is conceivable that eventually Phoebe will own most of the real estate in Albany.
At this point, I do not believe that the combining of both hospitals can benefit the people of Southwest Georgia. A monopoly without controls is a terrible thing that was earlier outlawed by our government.