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Half of nation's hospitals running losses

Los Angeles Times, March 2, 2009

The economic decline is continuing to ravage the nation's hospitals, with half of them operating in the red and many planning service and staffing cuts, two new reports show. These problems have been surfacing for several months, but new data show their breadth and depth. An unprecedented 50% of the nation's hospitals appear to be losing money, according to an analysis of government and proprietary data that Thomson Reuters is set to release.