Health Insurance Insider

There’s nothing new about rich people who suddenly decide to buy up companies in addition to their already sizeable financial empire, Branson of Virgin would be a very good example in this with investments in a broad spectrum of industries. What’s so alarming about this California Cardiologist then? He’s buying hospitals that now number enough to challenge major hospital chains and he’s cancelling contracts with health insurance companies in the process. This could be a healthcare crisis in the making for California where in the past year alone he has already purchased six and could leave most Californian’s without anywhere to go for health issues with insurance coverage. We would continue to watch the issue as it develops and hopefully he has a plan for his growing empire of hospitals that is for the benefit of the public.