Penn downgrade

[michael at ecst.csuchico.edu]

I read the Penn story from another angle.  Teaching hospitals are in
trouble as HMO power grows.

Already, a number of universities have radically restructured their
teaching hospitals.  I discuss a bit of this in my Class Warfare book.
The danger is that the teaching hospitals do not merely give health care,
but they are important for medical education and innovation.

The bond market doesn't give a damn.

 -- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu