A Look at What’s in Store for Business and Workers : It won’t be dull, that’s for sure. The new year will see dramatic changes for U.S. industry and the American worker. Business writers at The Times polled experts on what is likely to happen in 1989. Here is their report. : HEALTH CARE
Facing an acute shortage of nurses, hospitals and nursing homes will be under pressure to increase nurses’ salaries and to provide enough support staff to relieve nurses of non-nursing duties as recommended in a recent federal study.
At the same time, analysts do not expect third-party payers, including federal Medicare and Medicaid and private insurers, to ease up on their efforts to cut medical expenses. The cost containment movement is expected to continue to restrict health-care industry revenue and keep the rate of profit growth in single digits.
Some analysts expect more health-care companies to go private as they seek more flexibility in a more difficult environment. Shareholders of Hospital Corp. of America, the nation’s largest health-care concern, are expected in February to approve a $3.6-billion management-led leveraged buyout.
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