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The expansion of private investor-owned hospitals.

Date: 1960s

MED
HOSP

These private hospitals begin to set their rates based on the priority of generating a profit rather than providing care that meets the community's needs.

Today, these hospitals are only about a quarter of the total number of hospitals in the U.S., but their impact is great, as they drive up costs in medical care and lobby for policies that support their for-profit model.

This sector also includes the majority of health insurance companies, which are also for-profit.