November 20, 2008
TRENTON, N.J. — The dismal economy has American hospitals ailing, with new data showing declines in overall admissions and elective procedures, plus a significant jump in patients who can't pay for care, the American Hospital Association said Wednesday.
Hospitals also have been hurt by losses on their investments due to the turmoil on Wall Street, and many are finding it more expensive to borrow money — if they can at all, according to a report from the association, which represents about 5,000 U.S. hospitals.
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