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This is federal government doing what is necessary to prevent a local entity too powerful for local people to stop. Only by their action can we hope to see more competitive healthcare at lower cost and better quality. If the Hospital Authority and Phoebe have to divest Palmyra, many options will open. It is unfortunate that Phoebe did not slow things down earlier in view of the case being reviewed by the Supreme Court.
This decision of the Supreme Court is very important in terms of timing. The Authority and Phoebe had been planning to have a lease signed by August so that Phoebe could begin transforming Palmyra into a Women and Childrens facility. This would significantly alter the entire structure and look of Palmyra. Now with the Supreme Court hearing the case, the Authority should not proceed with any lease agreement until the Court decides, as such major alterations in the Palmyra facility would cause further costs and difficulties if the deal should be unwound.
Phoebe has been successful in a competitive market- why eliminate the competition. Competition can work even when one side acts unlawfully and noncompetively, and citizens still have a choice. Phoebe wants to spread misinformation about national trends in that integration and coordination of services are being promoted and helping to provide better care at reduced cost, but consolidating market power is another thing and the consensus is it causes costs to go up and quality to go down- as does choice. Phoebe keeps talking about the millions they give back, but how about just helping us to save millions- that would spur a lot more growth.
My concern is not at all that my group lost some opportunity for employment. Albany Internal Medicine was offered employment contracts by HCA but all the members of my group had turned the offer down prior to the date of purchase and with no knowledge of the impending purchase. My concern continues to be the impact that this monopoly will have on our city and region.
You are correct that hospital consolidation is a national trend and a byproduct of ObamaCare. However, consolidation creating monopolies is of great concern to the FTC because of the proven fact that it causes prices to go up not down. This is why they are pursuing the Phoebe case so aggressively and willing to take the matter to the US Supreme Court.
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Good try, Jackie. You need to get some facts. Neither I nor Albany Internal Medicine ever signed any contract to be hired by Palmyra or HCA either before or after the deal was struck with Phoebe. I thought spin at least had to have an element of truth.
The fact is that mergers are occurring all over the nation, some of them involve monopolies like this which will cause health care prices to go up. That is why the FTC is so concerned and willing to try and get juridiction over this case by even going to the Supreme Court.
Last login: Friday, April 12, 2013