When a rural community loses its hospital, health care becomes harder to come by in an instant. But a hospital closure also shocks a small town's economy. It shuts down one of its largest employers. It scares off heavy industry that needs an emergency room nearby. And in one Tennessee town, a lost hospital means lost hope of attracting more retirees.
🎧 Economic Ripples: Hospital Closure Hurts A Town’s Ability To Attract Retirees | NPR
Here’s a great example of why pure capitalist competition doesn’t work in areas like health care and education in large swathes of America. Small communities like this one often have only one option of a hospital to go to, and often they don’t even have that. And many health care issues don’t allow for direct competition and choice because they are emergent and one can only go to the closest provider with their fingers crossed.