Rural Healthcare Facilities: Monopolies to Cooperatives

Kent Acheson
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Kent Acheson: Department of Business, University of Phoenix, USA

Organic & Medicinal Chemistry International Journal, 2017, vol. 1, issue 5, 190-193

Abstract: U.S. Legislation around the turn of the 19th Century was created to prevent large companies from influencing prices. This net loss to society came in the form of misallocated resources and increased prices. Notwithstanding the societal costs of a monopoly structure, some monopolies are government mandated, such as rural electric and water service. Monopolies have benefits (and are sometimes the only business structure that will work) especially in rural America. In rural healthcare, the monopoly structure is sometimes the only business organization that effectively serves a community or rural area and makes sense. A healthcare monopoly can have the same negative characteristics associated with the monopoly-structure, like increasing costs and misallocation of resources. A cooperative is a viable alternative to monopoly. The rural community would participate in the monopoly profits and decisions. A self-imposed tax could be levied on the area the rural healthcare facility would serve offset by charitable donations; thus, making the community stakeholders in the healthcare facility. The people who make up the tax base would be benefactors for the facility’s profits and the whole community would benefit from access to expanded services otherwise unavailable to underserved areas.

Keywords: juniper publishers:Medicinal Chemistry; Biochemistry Journal; Pharmacology Journal; biochemical pharmacology; molecular pharmacology; biochemistry; open access journals; peer reviewed journals; Open Access; Journal of Molecular Biochemistry; International Research Journal of Pure and Applied Chemistry; World Journal of Biological Chemistry; Biochemistry and Analytical Biochemistry; Biochemistry & Physiology: Open Access; Molecular Biology International; Plant Biochemistry & Physiology; International Journal of Molecular Sciences; Journal of Clinical and Medical Genomics; Environmental Analytical Chemistry; Medicinal Chemistry; Juniper publishers reivews (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:adp:jomcij:v:1:y:2017:i:5:p:190-193

DOI: 10.19080/OMCIJ.2017.01.555575

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