The Thomas Jefferson Institute for Public Policy has just released its annual study on the financial health of Virginia Hospitals, and calls for an end to Certificate of Public Need regulations.
The Institute says Certificate of Public Need creates a monopoly that is not good for Virginia and hospitals make enough money already.
Michael Thompson is the Institute President and author of the report.
But Virginia Hospital Association Spokesman Julian Walker says all hospitals lose money on some services. He says years of regulation sand Medicare and Medicaid have left a delicate financial balance that would be disrupted by a competitor who could cherry-pick only the profitable services.