09/01/2026
A new post on Bill of Health explores how the increase in private equity ownership of hospitals has led to higher costs and lower quality care.
"By loosening charity care mandates, granting access to Wall Street tax-exempt debt markets, permitting for-profit corporate subsidiaries, incentivizing patent commercialization, and more, federal policy created incentives for nonprofit hospitals to prioritize market share, capital accumulation, and corporate financialization,” writes John McDonough, a professor of practice at the Harvard T.H. Chan School of Public Health. McDonough is also author of the new book, America’s Wrong Turn: US Healthcare in the Neoliberal Era.
The full blog post is here: https://petrieflom.law.harvard.edu/2026/08/21/how-did-so-many-nonprofit-hospitals-become-so-profitable/