Health Michigan: hospitals vie for affluent…
Basically Michigan’s putting all of its new eggs in the health care basket, and all of the large hospitals are vying for a larger piece of a shrinking pie. Too many beds, large expenditures, a declining population, and the population that’s being left behind is going to have a harder time paying for all of this expensive new health care. It’s looking to be another shoe to drop…
A lot of people are looking to health care to be Michigan’s saving grace, but unless other sectors of the economy pick up, who’s going to buy all of this new health care? If less people can afford it, or less are here to buy it, it will eventually lead to cut backs in the health care sector.
Seems to me many are being overly optimistic about what the health care industry can do for Michigan’s economy. I certainly hope Michigan would have learned that relying on one industry is a bad idea.
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[…] hospitals, and the growth of the health care industry in general. At the same time, I also wrote about how I had viewed this as a potential problem for a long time. The idea, at the time, seemed […]